Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.35 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2.29 million in annual sales, with costs of $1.31 million. The project requires an initial investment in net working capital of $160,000 and the fixed asset will have a market value of $195,000 at the end of the project. If the tax rate is 21 percent, and the required return on the project is 10%/ What are the net cash flows of the project each year? What is the NPV of the project