The Ultimate recreational tennis racket NWC requirements at the beginning of each year will be approximately 20 percent of the projected sales during the coming year. The tax rate is 34 percent and the required return on the project is 10 percent. What will the cash flows for this project be?

The question is incomplete, it only includes the last part. So I looked for similar questions and found it:

You are evaluating a project for The Ultimate recreational tennis racket, guaranteed to correct that wimpy backhand. You estimate the sales price of The Ultimate to be $400 per unit and sales volume to be 1,000 units in year 1; 1,250 units in year 2; and 1,325 units in year 3. The project has a three-year life. Variable costs amount to $225 per unit and fixed costs are $100,000 per year. The project requires an initial investment of $165,000 in assets, which will be depreciated straight-line to zero over the three-year project life. The actual market value of these assets at the end of year 3 is expected to be $35,000. NWC requirements at the beginning of each year will be approximately 20 percent of the projected sales during the coming year. The tax rate is 34 percent and the required return on the project is 10 percent.

What will the cash flows for this project be?

initial outlay = -$165,000

depreciation expense per year = $55,000

change in NWC:

contribution margin per unit = $400 - $225 = $175

after tax salvage value = $35,000 x (1 - 34%) = $23,100

cash flow year 0 = -$165,000 - $80,000 = -$245,000

cash flow year 1 = {[($175 x 1,000) - $100,000 - $55,000}] x 0.66} + $55,000 - $16,000 = $52,200

cash flow year 2 = {[($175 x 1,200) - $100,000 - $55,000}] x 0.66} + $55,000 - $12,000 = $79,300

cash flow year 3 = {[($175 x 1,350) - $100,000 - $55,000}] x 0.66} + $55,000 + $108,000 + $23,100 = $239,725

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