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ourse Hero is considering a new 3 -year-long project that would involve using pecialized scanning software to scan submitted screenshots in low resolution and onvert them into high resolution text documents that there's currently a strong market - Course Hero requires a 16 percent annual return on this uncertain project, high enough to compensate for the underlying uncertainty of future cash inflows. - A decision to accept the project would be followed by an immediate investment of $3.1 million into purchasing the software. At the end of the project Course Hero is hoping to be able to find a different company in similar line of business that would be willing to pay $243,600 for the software and its future ownership. Like other similar software, its value will be dropping over its economic life according to the 3year MACRS depreciation schedule. (See this MACRS Table) - Course Hero pays taxes on its annual income and other taxable cash flows - Course Hero estimates $2,784,000 in sales revenues and $1,113,600 in operating according to a 32% tax rate. - Course Hero would also need to spend $348,000 right away to build a cash buffer costs each year of the project. that would be used to draw the funds to cover the expenses to quickly hire specialists to fix any unforeseen software bugs that may arise throughout the life of the project. (Do not round your intermediate calculations.) Required: (a)The project's year 0 total cash flow = (b) The project's estimated year 1 total cash flow = (c) The project's estimated year 2 total cash flow = (d) The project's estimated year 3 total cash flow =

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