1. ) You are considering bidding on a project to make new cases for mobile phones. The project details include:
   • Upfront costs of $350,000 for a new injection-moulding machine.
   • 4 year life
   • $30,000 in yearly pre-tax operating costs
   • Initial investment of $50,000 in working capital
   • Your company has a tax rate of 30%
   • 1. Complete the following table and calculate the net present value for the project costs.

   • 		Year
     Cash Flows	PV	0	1	2	3	4
     NPV

   • Your company's required rate of return is 10%
   • At the end of 4 years you can sell the equipment for $30,000
   • There is no depreciation consideration for this equipment