The company is considering a new product. The new manufacturing equipment will cost \$19 million, and will require an initial $1 million investment in net operating working capital (i.e. increase in NOWC). a) What is CF0 (include the direction of the cash flow, i.e. positive/negative?)? b) What is the depreciation basis to be used for tax shield calculation? c) The company spent and expensed $150,000 on research related to the new product last year. Would this change your answer, why? d) Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $1.5 million after taxes and real estate commissions. Would this affect your answer, why?