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Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of exist2.64 million. The fixed asset falls

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Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of exist2.64 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate exist2, 060,000 in annual sales, with costs of exist759,000. The project requires an initial investment in net working capital of exist280,000, and the fixed asset will have a market value of exist270,000 at the end of the project. If the tax rate is 35 percent and the required return is 13 percent, what is the project's Year 1 net cash flow? Year 2? Year 3? What is the project's NPV

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