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Down Under Boomerang, Inc., is considering a new three - year expansion project that requires an initial fixed asset investment of $ 2 . 9

Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.97 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,170,000 in annual sales, with costs of $847,000. The project requires an initial investment in net working capital of $390,000, and the fixed asset will have a market value of $255,000 at the end of the project.
If the tax rate is 35 percent and the required return is 9 percent, what is the projects Year 1 net cash flow? Year 2? Year 3?(Use MACRS)(A negative answer should be indicated by a minus sign. Enter your answers in dollars, not millions of dollars, e.g.,1,234,567. Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
Years Cash Flow
Year 0 $
-3360000
Year 1 $
1206415.35
Year 2 $
1322007.75
Year 3 $
1646676.90
What is the project's NPV?(Enter your answer in dollars, not millions of dollars, e.g.,1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
NPV $

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