Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,350,000.$ The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life. The project is estimated to generate $$3,330,000$ in annual sales, with costs of $$2,330,000.$ The project requires an initial investment in net working capital of $$180,000,$ and the fixed asset will have a market value of $$215,000$ at the end of the project. Assume that the tax rate is $23$ percent and the required return on the project is $11$ percent.

a$.$ 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$.,32.$

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

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

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