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16-Large Manufacturing, Inc. is considering investing in somenew equipment whose data are shown below. The equipment has a3-year class life and will be depreciated by the MACRS depreciationsystem, and it will have a positive pre-tax salvage value at theend of Year 3, when the project will be closed down. Also, some newworking capital will be required, but it will be recovered at theend of the project's life. Revenues and cash operating costs areexpected to be constant over the project's 3-year life. What is theproject's Initial Cash Outlay at time 0? Enter your answer roundedto two decimal places. Do not enter $ or comma in the answer box.For example, if your answer is $12,300.456 then enter as 12300.46in the answer box. WACC 11.0%Net investment in fixed assets (depreciable basis) $70,000Required new working capital $10,000Sales revenues, each year $95,000Cash operating costs excl. depr'n, each year $30,000Expected pretax salvage value $9,000Tax rate 30.0%18-Using the information from problem 16 on Large Manufacturing,Inc., what is theTerminal Year Non–Operating Cash Flow at the end of Year 3?Enter your answerrounded to two decimal places. Do not enter $ or comma in theanswer box. Forexample, if your answer is $12,300.456 then enter as 12300.46 inthe answer box.19-Using the information from problem 16 on Large Manufacturing,Inc., what is theproject’s NPV? Enter your answer rounded to two decimal places.Do not enter $ orcomma in the answer box. For example, if your answer is$12,300.456 then enter as12300.46 in the answer box.