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5 Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.428 million. The fixed asset will be

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5 Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.428 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $344.400 The project requires an initial investment in networking capital of $492,000. The project is estimated to generate $3,936.000 in annual sales, with costs of $1,574,400. The tax rate is 24 percent and the required return on the project is 11 percent What is the project's Year Onet cash flow? -4920.000 5 What is the project's Year 1 net cash flow? 2 256 509 What is the project's Year 2 net cash flow? 2.256509 5 What is the project's Year 3 net cash flow? 3.047 940 What is the NPV? (1.152.741

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