Check my work Down Under Boomerang, Inc. is considering a new 3 year expansion project that requires an initial fixed asset investment of $237 million. The foxed asset will be depreciated straight-line to zero over its 3-year tax We, after which it will be worthless The project is estimated to generate $1,755,000 in annual sales, with costs of $665,000 The tax rate is 24 percent and the required return is 10 percent. What is the project's NPV? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) points eBook NPV 5 314,261.08 220# TV Thoothan's backgr. Ver Jerry Love CPA, LLC P.O. Box 5086 Abilene, TX 79608-5086 Make sure you are an estimated payments that can has put in the tax file because we Make sure there are m an har side pages in the work papers when you input into the worpersoane pdf and add the