14 166 points Down Under Boomerang, Inc. is considering a new year expansion project that requires an initial fixed set investment of $2.33 million. The fixed asset will be depreciated straight line to zero over its 3-year tax life. The project is eed to generate $1,735,000 in annual sales, with costs of 5645,000. The project requires an initial investment in net working capital of 5300,000, and the fixed asset will have a market value of $255,000 at the end of the project a. If the tax rate is 25 percent, what is the project's Year Onet cash flow? Year 1 Year 22 Year 3? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e... 1,234,567. A negative answer should be indicated by a minus sign.) b. If the required return is 9 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is not complete. a. Year 0 cash flow Year 1 cash flow Year 2 cash flow Year 3 cash flow NPV 185,865 26 b. 14 of 15