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Esfandairi Enterprises is considering a new three-year expanslon project that requires an initial fixed asset irvestment of $2.410.000. The fixed asset will be depreclated straight-line

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Esfandairi Enterprises is considering a new three-year expanslon project that requires an initial fixed asset irvestment of $2.410.000. The fixed asset will be depreclated straight-line to zero over its three-year tax life. The project is estimated to generate $2710,000 in annual sales, with costs of $1,730,000. The project requires an initlal investment in net working capital of $152,000, and the fixed asset Will have a market value of $187,000 at the end of the project. Assume that the tax rate is 23 percent and the required return on the project is 9 percent. 0. What are the net cash flows of the project each year? Note: A negotive onswer should be indicated by o 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 Intermedlete colculetions and round your answer to 2 decimal places, e.g., 32.16

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