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, what is the project's Year 1 net cash flow? Year 2? Year 3?Table 8.3.(Enter your answers in dollars, not millions of dollars. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 1,234,567.89.)

Cash FlowYear 0$Year 1$Year 2$Year 3$

If the required return is 12 percent, what is the project's NPV?(Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.)

NPV$