Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,250,000.$

The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life. The project is estimated to generate $$2,370,000$ in

annual sales, with costs of $$1,410,000.$ The project requires an initial investment in net working capital of $$172,000,$ and the fixed asset

will have a market value of $$207,000$ at the end of the project. Assume that the tax rate is $22$ percent and the required return on the

project is $11$ percent.

a$.$ What are the net cash flows of the project each year?

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

answers to the nearest whole number, e$.$g$.,32.$

b$.$ What is the NPV of the project?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$