Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,400,000.$The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life. The project is estimated to generate $$2,560,000$in annual sales, with costs of $$1,550,000.$The project requires an initial investment in net working capital of $$164,000,$and the fixed asset will have a market value of $$199,000$at the end of the project. Assume that the tax rate is $25$percent and the required return on the project is $10$percent$.$

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

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

It's not this:

$\backslash$table$[[$a$.$ Year $0$ cash flow,$$,-2,564,000],[$Year $1$ cash flow,$$,38,293,500\backslash$Theta $],[$Year $2$ cash flow,$$,38,293,500\backslash$Theta $],[$Year $3$ cash flow,$$,38,293,500],[$b$.$ NPV$,$$$,1,523,354,87$x$]]$