Using the eight-year model and the estimated expenses below, please answer the following questions showing calculations please. I need to check my work. 

Estimated Expenses

• Total projected up-front costs: $2,200,000 
• Total projected cost of capital: $195,000
• Total projected sales: $925,000
• Total projected cash expense: $310,000
• Total projected depreciation: $250,000

 

1. At the end of the project, what are the earnings before taxes? 

 

2. At the current tax rate (35%), what is the net income?

 

3. Compute the project's after-tax cash flow: Operating cash flow equals Sales - Costs - Depreciation (1 - t) + Depreciation - change in net working capital. 

 

4. Compute and interpret the project's NPV, IRR, and profitability index.