Cochrano, Inc. is considering a new three-year expansion project that requires an initial foved asset investment of $2.1 million. The faxed asset will be depreciated straight line to zeto over its three-year tax life, after which time it will be worthless. The project is estimated to gonerato $2,150,000 in annual sales, with costs of 51.140,000. The project requires an initial investment in not working capital of $150,000, and the fixed asset will have a market value of $175,000 at the end of the project Assume that the tax rate is 35 percent and the required rotum on the project is 14 percent Requirement 1: What are the net cash flows of the project for the following years? Year 0: 2250000 Year 1 Year 2 Year 3: Requirement 2: What is the NPV of the project? 20975.01