Down Under Boomerang, Inc., is considering a new $3-$year expansion project that

requires an initial fixed asset investment of $$2\mathrm{.}29$ million. The fixed asset will be

depreciated straight$-$line to zero over its $3-$year tax life. The project is estimated to

generate $$1,715,000$ in annual sales, with costs of $$625,000.$ The project requires an

initial investment in net working capital of $$260,000,$ and the fixed asset will have a

market value of $$195,000$ at the end of the project.

a$.$ If the tax rate is $21$ percent, what is the project's Year $0$ net cash flow? Year $1?$ Year $2?$

Year $3?($Do not round intermediate calculations and enter your answers in dollars,

not millions of dollars, e$.$g$.,1,234,567.$ A negative answer should be indicated by a

minus sign.$)$

b$.$ If the required return is $9$ percent, what is the project's NPV$?($Do not round

intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$