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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 55 million. The fixed asset

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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 55 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate 52,030,000 in annual sales, with costs of $735,000. The project requires an initial investment in net working capital of $250,000, and the fixed asset will have a market value of $285.000 at the end of the project If the tax rate is 35 percent and the required return is 15 percent, what is the project's Year 1 net cash flow? Year 22 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... 32.16.) Years Cash Flow Year 0 $ Year 1 $ Year 2 Year 3 What is the project's NPV? (Enter your answer in dollars, not millions of dollars, e... 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.0., 32.16.) NPV

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