You are considering expanding your product line that currentlyconsists of skateboards to include gas-powered skateboards, and youfeel you can sell 12000 of these per year for 10 years (after whichtime this project is expected to shut down with solar-poweredskateboards taking over). The gas skateboards would sell for $110each with variable costs of $25 for each one produced, and annualfixed costs associated with production would be $150000. Inaddition, there would be a $1 comma 400000 initial expenditureassociated with the purchase of new production equipment. It isassumed that this initial expenditure will be depreciated using thesimplified straight-line method down to zero over 10 years. Theproject will also require a one-time initial investment of $ 40000in net working capital associated with inventory, and this workingcapital investment will be recovered when the project is shut down.Finally, assume that the firm's marginal tax rate is 38 percent. a.What is the initial cash outlay associated with this project? b.What are the annual net cash flows associated with this project foryears 1 through 9 ? c. What is the terminal cash flow in year 10(that is, what is the free cash flow in year 10 plus any additionalcash flows associated with termination of the project)? d. What isthe project's NPV given a required rate of return of 13 percent ?a. The initial cash outlay associated with this project is $1440000. (Round to the nearest dollar.) b. The annual net cashflows associated with this project for years 1 through 9 are ?