Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,310,000.$ The fixed asset falls into the three$-$year MACRS class $($MACRS schedule$).$ The project is estimated to generate $$1,770,000$ in annual sales, with costs of $$668,000.$ The project requires an initial investment in net working capital of $$370,000,$ and the fixed asset will have a market value of $$360,000$ 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 $3?$

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to two decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ If the required return is $12$ percent, what is the project's NPV$?$

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

$\backslash$table$[[$a$.$ Year $0$ cash flow,$$,2,310,000\mathrm{.}00ox$