Esfandiari Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}82$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,120,000$ in annual sales, with costs of $$815,000.$ The project requires an initial investment in net working capital of $$340,000$ and the fixed asset will have a market value of $$230,000$ at the end of the project.

If the tax rate is $24$ percent, what is the project$$s Year $0$ net cash flow? Year $1?$ Year $2?$ Year $3?$

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