XYZ Corp. is considering a new project. The project will require $334854 for new fixed assets, $149453 for additional inventory and $23101 for additional accounts receivable. Short-term debt is expected to increase by $108666 and long-term debt is expected to increase by $280400. The project has a 5-year life. The fixed assets will be depreciated straight-line to a zero book value over the life of the project. At the end of the project, the fixed assets can be sold for 25% of their original cost. The net working capital returns to its original level at the end of the project. The project is expected to generate annual sales of $563409 and costs of $393813. The tax rate is 35% and the required rate of return is 15%.
What is the initial cost of this project? (Round answer to 0 decimal places, do not round intermediate calculations)
What is the amount of the operating cash flow for the first year of this project? (Round answer to 0 decimal places, do not round intermediate calculations)
What is the amount of the after-tax cash flow from the sale of the fixed assets at the end of this project? (Round answer to 0 decimal places, do not round intermediate calculations)