8 eBook Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.8 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $142,800 after 3 years. The project requires an initial investment In net working capital of $204,000. The project is estimated to generate $1,632,000 in annual sales, with costs of $652,800. The tax rate is 22 percent and the required return on the project is 15 percent What is the project's year net cash flow? Year 0 cash flow $ 2,004,000 References What is the project's year 1 net cash flow? Year 1 cash flow $ 895,763 00 8 What is the project's year 2 net cash flow? Year 2 cash flow $ 939,798 eBook References What is the project's year 3 net cash flow? Year 3 cash flow What is the NPV? NPV MC