A company is interested in a new threeyear investment project. tfthe decision to accept the project is made, the company would need to immediately spend $2.31 million to buy additional xed assets. These assets will be losing the same amount of value over their threeyear economic life. The company's calculations show that the project should be able to bring $1,225,000 in sales revenues every year, with annual production costs of $535,000. The net working capital would also immideately need to be increased by $280,000. The purchased xed assets should be able to sell for $225,000 when the project ends. a. The corporate income tax rate is 23 percent. Calculate the project's Year 0, Year 'l, Year 2, and Year 3 total cash ows. [Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,561 A negative answer should be indicated by a minus sign.} b. The annual return typical for this kind of projects is 11 percent per year. Use this additional information to calculate the project's net present value. {Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3116.1 _ _ _ _ Ia_