Down Under Boomerang, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.268 million. The fixed asset falls into the 3-year MACRS class (MACRS Table). The project is estimated to generate $2,016,000 in annual sales, with costs of $806,400. The tax rate is 33 percent and the required return is 18 percent. The project requires an initial investment in net working capital of $252,000 and the fixed asset will have a market value of $176,400 at the end of the project.

What is the net cash flow for Years 0-4?

What is the NPV for the project?