4.10 1 HII JULI Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investiment of $2.28 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $1,750,000 in annual sales, with costs of $660,000. The project requires an initial Investment in net working capital of $330,000, and the fixed asset will have a market value of $300,000 at the end of the project. a. If the tax rate is 23 percent, what is the project's Year O net cash flow? Year 1? Year 2? Year 3? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. A negative answer should be indicated by a minus sign.) b. If the required return is 12 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) a. Year O cash flow Year 1 cash flow Year 2 cash flow Year 3 cash flow b. NPV $ $ - 2610000 1,014, 100 1.014,100 ! e here to search DELL