Esfandairi Enterprises is considering a new three$-$year expansion.................. that requires an initial fixed asset investment of $$2\mathrm{.}18$ million. The fixed asset falls into the three$-$year MACRS class. $($MACRS schedule$)$:The project is estimated to generate $$1\mathrm{.}645$ million in annual sales, with costs of $$610,000.$ The project requires an initiali ininesti........ in net working capital of $$250,000,$ and the fixed asset will have a market value of $$180,000$ at the end of the project. Assume that the tax rate is $21$ percent and the required return on the project is $12$ percent.

a$.$ What is the net cash flow of the project for each year?

Note: A negative answer should be indicated by a miny answers in dollars, not millions of dollars, rounded to $2$

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

Note: Do not round intermediate calculations and ente places, e$.$g$.,1,234,567\mathrm{.}89.$

$\backslash$table$[[$a$.$ Year $0$ cash flow,$],[$Year $1$ cash flow,$],[$Year $2$ cash flow,$],[$Year $3$ cash flow,$],[$b$.$ NPV$,]]$

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$\backslash$table$[[,$Propery class,$],[$Yegr$,3$ yeqr,$5$ equr,$7$ yeqr$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%$