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Esfandair Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,300,000. The foxed asset will be depreciated straight-line

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Esfandair Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,300,000. The foxed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to nenerate $3.070,000 in anmut sates, with costs or $2,050,000, the project requires an initial investment in net working capital of $178.000, and the fined. asset will have amarket value of $213,000 at the end of the project. Assume that the tax rate is 24 percent and the required retiun on the project is 1f percent. a. What are the fiet cash flows of the project each yeat? Note: A negative answer should be indicated by a minus sign, Do not round intermediate colculations and round your answers to the neorest whole number, e.g. 32 b. What is the NPV of the project? Note: Do not round intermediote colculations ond round your answer to 2 decimal places, e.9.4, 32.16

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