Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,250,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $2,200,000 in annual sales, with costs of $1,190,000. The project requires an initial investment in net working capital of $155,000, and the fixed asset will have a market value of $180,000 at the end of the project. Assume that the tax rate is 40 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 round intermediate calculations. A negative amount 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?(Do not round intermediate calculations.Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).Round your answer to 2 decimal places (e.g., 32.16).)

NPV

$

Requirement 1:

What are the net cash flows of the project for the following years?(Do not round intermediate calculations. A negative amount 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?(Do not round intermediate calculations.Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).Round your answer to 2 decimal places (e.g., 32.16).)

NPV

$