Plus: Depreciation $400 $400 $400 Less: Cost of plant, ($2,000) $0 $0 $0 equipment Less: Working...

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Plus: Depreciation $400 $400 $400 Less: Cost of plant, ($2,000) $0 $0 $0 equipment Less: Working ($1,000) ($200) ($200) ($200) capital Plus: Recovery of n/a n/a n/a working capital Plus: Salvage value n/a n/a n/a Annual project cash flow ($300) $300 $500 Note: n/a = not applicable Calculate: Determine the NPV for the Electrobicycle project. Use the annual Plus: Depreciation $400 $400 $400 Less: Cost of plant, ($2,000) $0 $0 $0 equipment Less: Working ($1,000) ($200) ($200) ($200) capital Plus: Recovery of n/a n/a n/a working capital Plus: Salvage value n/a n/a n/a Annual project cash flow ($300) $300 $500 Note: n/a = not applicable Calculate: Determine the NPV for the Electrobicycle project. Use the annual