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Esfandairi Enterprises is considering a new three - year expansion project that requires an initial fixed asset investment of $ 2 , 4 7 0

Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,470,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $3,210,000 in annual sales, with costs of $2,210,000. The project requires an initial investment in net working capital of $156,000, and the fixed asset will have a market value of $191,000 at the end of the project. Assume that the tax rate is 21 percent and the required return on the project is 9 percent.
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.
What is the NPV of the project? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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