Suppose a company has hired you to estimate the cash flows arising from a prop

Suppose a company has hired you to estimate the cash flows arising from a proposed capital project and you have been handed the relevant data below. The
project being considered has a 5-year tax life and at the end of Year 5 the asset will be worthless (i.e. salvage value = 0). The CFO suggests that you
depreciate the asset by using the straight-line method over the 5 year life of the project. Revenues and other operating costs are as noted below and will be
constant over the period. What is the Year 1 net cash flow for this project?

Equipment cost: $150000

Delivery and installation cost of equipment: $50000
Straight-line depreciation rate: 20%
Sales revenue each year: $100000
Operating costs (excluding depreciation): $30000
Tax rate: 40% What is the Year 1 cash flow: