11B) Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.45 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life and is estimated to have a market value of $264623 at the end of the project. The project is estimated to generate $2161299 in annual sales, with costs of $816399. The project requires an initial investment in net working capital of $392769. If the tax rate is 34 percent and the required return on the project is 11 percent, what is the project's NPV?

C) Dog Up! Franks is looking at a new sausage system with an installed cost of $509342. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped for $77477. The sausage system will save the firm $178254 per year in pretax operating costs, and the system requires an initial investment in net working capital of $35816. If the tax rate is 34 percent and the discount rate is 10 percent, what is the NPV of this project?