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The management of Foxface School plans to install pop corn vending machines in its school. Annual sales of pop corn are estimated at 3,000 units at a price of P 8 per unit. Variable costs are estimated at P 3 per unit, while incremental fixed costs, excluding depreciation, at P 2,000 per year. Foxface will acquire three vending machines at P 10,000 each, including installation costs of P 1,000 per machine. The machines are expected to have a service life of 5 years, with no salvage value. Depreciation will be computed on a straight-line basis. The company's income tax rate is 30%.
Question 1: What is the increase in annual net income of Foxface if the pop corn vending machines were installed.
Question 2: What is the annual net cash inflows that will be generated by the project.
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