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Esfandairi Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.33 million. The fixed asset will be depreciated

Esfandairi Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.33 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life. The project is estimated to generate $1,735,000 in annual sales, with costs of $645,000. The project requires an initial investment in net working capital of $300,000, and the fixed asset will have a market value of $255,000 at the end of the project. a. If the tax rate is 25 percent, what is the projects Year 0 net cash flow? Year 1? Year 2? Year 3? and NPV (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. A

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