7 Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.13 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 $399,000. The project requires an initial investment in net working capital of $570,000. The project is estimated to generate $4,560,000 in annual sales, with costs of $1,824,000. The tax rate is 25 percent and the required return on the project is 17 percent. eBook References What is the project's Year O net cash flow? Year 0 cash flow $ -5,700,000 What is the project's Year 1 net cash flow? Year 1 cash flow 7. What is the project's Year 2 net cash flow? Year 2 cash flow eBook References What is the project's Year 3 net cash flow? Year 3 cash flow What is the NPV? NPV