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Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3 million. The fixed asset falls

Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,180,000 in annual sales, with costs of $855,000. The project requires an initial investment in net working capital of $400,000, and the fixed asset will have a market value of $260,000 at the end of the project.

If the tax rate is 30 percent, what is the projects year 1 net cash flow? Year 2? Year 3?

If the required return is 9 percent, what is the project's NPV?

I have year 0 as -3400000, Year 1 as 1227470,Year 2 as 1327550

I am needing help with year 3 and the NPV.

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