You are considering a five$-$year project. New equipment would cost $$1,225,000,$ and would be depreciated straight$-$line to $$250,000$ over $5$ years. At the end of the project, the company can sell this equipment for $$100,000.$ You would also need to increase the net working capital by $$25,000$ for the duration of the project. At the end of the project, net working capital would revert to the previous level. This project would increase sales each year by $$900,000,$ but would also increase costsby $$600,000$ each year. Your company pays a marginal tax rate of $8\%,$ and discounts projects like this at $9\%$ interest.How much is depreciation each year?what is the operating cash flow?what is the after$-$tax salvage value of the equipment?Sketch a timeline to illustrate the relevant cash flows in the space below $($Year $0=$ x; Year $1=$ y; Year $2=$ z$,$ and etc.$).$What is the net present value of this project? Do you accept or reject?