the cost or capital for this project is $8\%.$ Hint: Use a spreaasneet$\mathrm{.}19.$ Project cash flow and NPV$.$ The managers of Classic Autos Incorporated plan to manufacture classic Thunderbirds $(1957$ repli$-$cas$).$ The necessary foundry equipment will cost a total of $$4,000,000$ and will be depreciated using a five$-$year MACRS life. Projected sales in annual units for the next five years are $300$ per year. If the sales price is $$27,000$ per car, variable costs are $$18,000$ per car, and fixed costs are $$1,200,000$ annually, what is the annual operating cash flow if the tax rate is $30\%?$ The equipment is sold for salvage for $$500,000$ at the end of year five. What is the after$-$tax cash flow of the salvage? Net working capital increases by $$600,000$ at the beginning of the project $($year $0)$ and is reduced back to its original level in the final year. What is the incremental cash flow of the project? Using a discount rate of $12\%$ for the project, determine whether the project should be accepted or rejected according to the NPV decision model.