Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,380,000.$

The fixed asset falls into the three$-$year MACRS class $($MACRS schedule$).$ The project is estimated to generate $$1,760,000$ in annual

sales, with costs of $$660,000.$ The project requires an initial investment in net working capital of $$350,000,$ and the fixed asset will

have a market value of $$330,000$ at the end of the project.

a$.$ If the tax rate is $25$ percent, what is the project's Year $0$ net cash flow? Year $1?$ Year $2?$ Year $3?$

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your

answers to two decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ If the required return is $10$ percent, what is the project's NPV$?$

Note: Do not round intermediate calculations and round your answer to two decimal places, e$.$g$.,32\mathrm{.}16.$