Check my work 4. Firm Y has the opportunity to invest in a new venture. The projected cash flows are as follows: Year O: Initial cash investment in the project of $375,000. Years 1, 2, and 3: Generate cash revenues of $63,600. eBook Years 1, 2, and 3: Incur fully deductible cash expenditures of $38,160. ferences Year 3: Incur nondeductible cash expenditure of $12,720. Year 3: Receive $375,000 cash as a return of the initial investment. Required: Assuming a 6 percent discount rate and a 30 percent marginal tax rate, compute the NPV of the cash flows resulting from investment in this opportunity. Use Appendix A and Appendix B Note: Round discount factor(s) to 3 decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount. Cash outflows and negative amounts should be indicated by a minus sign. Before-tax cash flow Tax Cash Flow After Tax Cash Flow PV Year 0 375,000 Year 1 Year 2 Year 2 63,600 63,600 6 (38,160) (38,160) (38 (12)