Esfandiari Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$3$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,180,000$ in annual sales, with costs of $$875,000.$ The project requires an initial investment in net working capital of $$400,000$ and the fixed asset will have a market value of $$260,000$ at the end of the project.

If the tax rate is $25$ percent, what is the project$$s Year $0$ net cash flow? Year $1?$ Year $2?$ Year $3?$

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e$.$g$.,1,234,567.$

If the required return is $9$ percent, what is the project's NPV$?$

Note: Do not round c

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