Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.40 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,250,000 in annual sales, with costs of $1,240,000. The project requires an initial investment in net working capital of $160,000, and the fixed asset will have a market value of $185,000 at the end of the project. Assume that the tax rate is 30 percent and the required return on the project is 10 percent. Requirement 1: What are the net cash flows of the project for the following years? (Do not include the dollar signs ($). Negative amounts should be indicated by a minus sign. Enter your answers in dollars, not millions of dollars (e.g., 1,234,567).) Year Cash Flow 0 $ 1 2 3 Requirement 2: What is the NPV of the project