Problem 33 a Intro Your company is considering producing a virtual reality headset, for which you've collected the following sales projections (in 5 million). Operating expenses are expected to add up to 70% of sales A 1 Year o 1 2 2 Sales 0 170 204 2244 D E 3 The project requires a new machine that costs $150 million to purchase and install After year 3. production will end and the new machine will be scrapped without cost or resale value. The equipment can be depreciated straight to zero over 3 years The machine requires an immediate increase in net operating working capital of $24 million which can be recouped at the end of year 3 Your company has a weighted average cost of capital of 8% and a marginal tax rate of 26% Part 1 Attempt 1/10 for 10 pts. Open a spreadsheet with a blank tab and name it 'CF, for cash flows. Duplicate the table above and extend it to find the after-tax operating cash flow for each year. What is the after-tax operating cash flow for year 3 (in $ million)? 0+ decimals Submit Part 2 JB Attempt 1/10 for 10 pts Extend the spreadsheet to find the free cash flow for each year What is the FCF in year 3 (in 5 million)? 0+ decimals Submit - Attempt 1/10 for 10 pts. Part 3 What is the NPV of the project (in 5 million)? 1+ decimals Submit