UESTION 2 [ 8 Marks ] Arsenal Ltd has decided to invest in equipment that costs R80 000 (excluding R10 000 installation costs). The equipment is to be depreciated on a straight-line basis over a five-year period. The following are the expected incremental increases in net operating profit (loss) after taxes (NOPAT) for the five-year life of the investment: YEAR R 1 15 000 2 11 000 3 9 000 4 6 000 5 (5 000) Calculate the operating cash flows for each of the five years.