Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}35$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life. The project is estimated to generate $$1,745,000$ in annual sales, with costs of $$655,000.$ The project requires an initial investment in net working capital of $$320,000,$ and the fixed asset will have a market value of $$285,000$ at the end of the project.

a$.$ If the tax rate is $22$ percent, what is the project$$s Year $0$ net cash flow? Year $1?$ Year $2?$ Year $3?($A negative answer should be indicated by a minus sign. Do not round intermediate calculations$)$

b$.$ If the required return is $11$ percent, what is the project's NPV$?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$