PROBLEM I: You are evaluating a project for The Ultimate recreational tennis racket suaranteed to correct that wimpy backhand. You estimate the sales price of The Ultimate to be $400 and sales volume to be 1.000 units in year 1.250 units in year 2. and 1.325 units in year 3. The project has a 3 year life. Variable costs mount to sans per unit and fixed costs are $100,000 per year. The project requires an initial investment of S165,000 which is depreciated straight-line to zero over the 3 year project life. The actual market value of the initial investment maintain a level equal to 20% of sales each year thereafter. The tax rate is 34% and the required the end of year 3 is $35,000. Initial networking capital investment is $75,000 und NWC will return on the project is 10%. What is EBIT or before-tax operating income for the project in the first year? 4 pts. DOS Poor tout pas mane eleon What is the operating cash flow for the project in year 1? 4 pts. MOSAIMA OACHINES