Esfandiari Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.94 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,160,000 in annual sales, with costs of $839,000. The project requires an initial investment in net working capital of $380,000 and the fixed asset will have a market value of $250,000 at the end of the project. a. If the tax rate is 23 percent, what is the project's Year 1 net cash flow? Year 2? Year 3? Table 8.3. 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, rounded to 2 decimal places, e.g., 1,234,567.89. b. If the required return is 10 percent, what is the project's NPV? Note: Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89