Will’s Winery is considering opening a winery near campus. To open the winery, they must purchase $270 in equipment. Shipping of the equipment will cost $60 and installation of the equipment will be $50. Will’s Winery will lease a building for $335 per year. The building will need modifications costing $100, but these will be paid by the landlord. The modifications and equipment are depreciated using the 5-year MACRS schedule.  Will’s Winery will operate the winery for four years, and then expects to sell the winery to an investor for $600 plus any working capital.  The firm will have some one-time expenses in year 1 of $170, primarily licenses and legal fees. To operate the winery, Will’s Winery will need an increase in Inventory of $27, an increase of Accounts Receivables of $14, and will have an increase in Accounts Payable of $19. Working capital will be recovered when we sell the winery.

Annual sales will begin at $500, the increase at $700 per year. Thus year 2 sales are $1200, year 3 are $1900 and year 4 are $2600. Cost of Goods Sold (excluding overhead, depreciation, and lease payments) are 50% of annual sales. To operate the company, executives and administrators must be hired, at an annual fixed cost of $450.

Will’s has an agreement for a 3-year 6% amortized Small Business Administration Loan to finance part of the project. The firm needs new equity investors to fund the expansion and Will’s Winery has only been able to find one equity investor. Both SBA and this equity investor requires that the firm have audited financial statements. The outside investor gets to choose the auditor and the auditor would cost the company $20 per year. The firm’s tax rate is 30%. The cost of capital is 13%. 

What are the Initial Cash Flows in Year 0?

What are the Operating Cash Flows in Year 2?

What are the Terminal Cash Flows in Year 4? (I want only Terminal Cash Flows, not operating cash flows in year 4)

Complete 16 page APA formatted essay: Steinbeck’s depiction of the struggle of Agricultural workers during the Depression, his role as a social commentator, and its impact upon his work.

The novels also serve the purpose of a social documentary and present a picture of the prevailing systemic injustices in the United States.

It is fashionable with the new breed of novelists to separate politics from art. But in the case of John Steinbeck, this distinction is not evident. The author, in the process of creating a work of art had also taken upon himself to ask questions of social injustices in general and economic disparities in particular. Hence, Steinbeck’s body of work are in essence are full of his own perspective on the state of rural American society. the medium of the novel have given Steinbeck the requisite scope and opportunity to fulfill his role as a social commentator. The rest of the essay will cite instances from the two novels as well as foray into the biographical aspects of the author himself to support this assertion.

To understand this social activist trait in Steinbeck’s character one has to look at the experiences and circumstances that shaped his vision of America. Firstly, his years as an adolescent in Salinas, where he got a first hand experience of his parents’ struggle for survival is a formative influence. It is the next phase of his life however, that will prove more important – his long-time relationship with the radical social worker Carol Henning. The influence of Carol Henning cannot be underestimated, for her socialist views on life had clearly rubbed off on Steinbeck, which is evident from the earliest journalistic assignments that Steinbeck undertook. His years as a novice journalist also had a key role in the shaping of his character, for these early writing assignments were the foundations for his later literary pursuits. In both the works in discussion – The Grapes of Wrath and Of Mice and Men, the influences of these formative stages of his early life are quite obvious.

While Steinbeck never really espoused a