Question: PLEASE USE EXCEL! Scholastic Co. is evaluating a machine with an initial cost of $300,000 and a five-year life that costs $90,000 per year to

PLEASE USE EXCEL! Scholastic Co. is evaluating a machine with an initial cost of $300,000 and a five-year life that costs $90,000 per year to operate. The firm uses straight-line depreciation; the applicable discount rate is 9%. The machine will have a salvage value of $100,000 at the end of the project's life. The firm has a tax rate of 21%.

1a. Calculate the operating cash flow in year 1. (Enter a negative value)

1b. Calculate the NPV of the project. (Enter a negative value and round to 2 decimals)

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