Esfandain Enterprises is considering a new $3-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}29$ million. The foxed asset falls into the $3$ year MACRS class. $($MACR$5$ schedule$)$ The project is estimated to generate $$1,810,000$ in annual sales, with costs of $$700,000.$ The project requires an initial investment in net working capital of $$450,000,$ and the fixed asset will have a market value of $$480,000$ at the end of the project.

a$.$ If the lax rate is $25$ percent, what is the project's Year O net cash flow? Yeat $1?$ Year $2?$ Year $3?($A negative answer should be indicated by o minus sign. Do not round intermediate calculations and enter your answers in dollers, not millions of dollers, rounded to two decimal places, e$.$g$-,1,234,567\mathrm{.}89.)$

b$.$ If the required retum is $12$ percent, what is the project's NPV$?($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to two decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

$\backslash$table$[[$a$.$ Yeai $0$ cash fow,$],[$a$.$ Year $1$ cashi flow,$],[$a$.$ Yeas $2$ cash flow,$],[$a$.$ Year $3$ cash$-$flow,$],[$b$.$ Vry$,]]$