Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.94 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,160,000 in annual sales, with costs of $839,000. The project requires an initial investment in net working capital of $380,000, and the fixed asset will have a market value of $250,000 at the end of the project.

If the tax rate is 34 percent and the required return is 10 percent, what is the projects Year 1 net cash flow? Year 2? Year 3? (Use MACRS)

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.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

NPV

$