Course Hero is considering a new $3-$year$-$long project that would involve using

specialized scanning software to scan submitted screenshots in low resolution and

convert them into high resolution text documents that there's currently a strong market

for.

Course Hero requires a $14$ percent annual return on this uncertain project, high

enough to compensate for the underlying uncertainty of future cash inflows.

A decision to accept the project would be followed by an immediate investment of

$$6\mathrm{.}0$ million into purchasing the software. At the end of the project Course Hero is

hoping to be able to find a different company in similar line of business that would

be willing to pay $$466,200$ for the software and its future ownership. Like other

similar software, its value will be dropping over its economic life according to the $3-$

year MACRS depreciation schedule. $($See this MACRS Table$)$

Course Hero pays taxes on its annual income and other taxable cash flows

according to a $33\%$ tax rate.

Course Hero estimates $$5,328,000$ in sales revenues and $$2,131,200$ in operating

costs each year of the project.

Course Hero would also need to spend $$666,000$ right away to build a cash

buffer that would be used to draw the funds to cover the expenses to quickly hire

specialists to fix any unforeseen software bugs that may arise throughout the life of

the project.

$($Do not round your intermediate calculations.$)$

Required:

$($a$)$The project's year $0$ total cash flow $=$

$($b$)$The project's estimated year $1$ total cash flow $=$

$($c$)$ The project's estimated year $2$ total cash flow $=$

$($d$)$The project's estimated year $3$ total cash flow $=$

$($Click to select$)v$

$($e$)$ The Net Present Value of this project $=$

$($Click to select$)vv$