All answers must be entered as a formula. Click OK to begin. Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. The project requires an initial investment in net working capital of $300,000, and the fixed asset will have a market value of $210,000 at the end of the project. What is the project's Year 0 net cash flow? Year 1 ? Year 2 ? Year 3 ? The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? \begin{tabular}{|lrr|} \hline Asset investment & $ & 2,900,000 \\ Estimated annual sales & $ & 2,190,000 \\ Costs & $ & 815,000 \\ Net working capital & $ & 300,000 \\ Pretax salvage value & $ & 210,000 \\ Tax rate & & 21% \\ Project and asset life & 3 \\ Required return & 12% \\ \hline \end{tabular}