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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $29 million. The foxed 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 foxed asset will have a market value of $210,000 at the end of the project. What is the project's Year Onet cash flow? Year 12 Year 2? Year 3? The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? $ $ Asset investment Estimated annual sales Costs Not working capital Pretax salvage value Tax rate Project and asset life Required return 2.900.000 2.190,000 815,000 300,000 210,000 $ $ 21% 12% Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV. Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV. Aftertax salvage value Sell equipment Taxes Aftertax cash flow TRASE Sales Costs Depreciation EBT Taxes Net Income Capital spending Networking capital OCF Net cash flow NPV