Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated t generate $1.645 million in annual sales, with costs of $610,000. The tax rate is 21 percent and the required return is 12 percent. Suppose the project requires an initial investment in net working capital of $250,000, and the fixed asset will hav market value of $180,000 at the end of the project. What is the project's Year 0 net cash flow? Year 1 ? Year 2? Year 3 ? Wh is the NPV? Aftertax salvage value Sell equipment Taxes Aftertax salvage value Year 0 Sales Year 2 Year 3 Costs Depreciation EBT Taxes Net income Capital spending Net working capital nCE Year 0 Year 1 Year 2 Year 3 Sales Costs Depreciation EBT Taxes Net income Capital spending Net working capital OCF Total cash flow NPV