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Estandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.28 milion. The fued asset quatifies for 100

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Estandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.28 milion. The fued asset quatifies for 100 percent bonus depreciation in the first year. The project is estimated to generote $1,750,000 in annual sales, With costs of $652.000, The project requires an initial investment in net working capital of $330,000, and the fixed asset will have a market value of $300,000 at the end of the project. a. If the tax rate is 23 percent What is the projoct's Yoar 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 round your answers to two decimal places, 0.932.16. b. If the requlred return is 12 percent, what is the projects NPV? Note: Do not round intermedlate calculations and round your answer to two decimal places, e.g., 32.16

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