Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.76 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,100,000 in annual sales, with costs of $791,000. The project requires an initial investment in net working capital of $320,000, and the fixed asset will have a market value of $220,000 at the end of the project. If the tax rate is 34 percent and the required return is 12 percent, what is the project's 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.]) Cash Floww Years Year 0 Year 1 Year 2 Year 3 $3080000 $1176740 What is the projects 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 Property Class Year Three-Year 33.33% 44.45 14.81 7.41 Five-Year 2 3 4 5 6 7 8 20.00% 32.00 19.20 11.52 11.52 Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5.76