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For the answers, I need to use excel formulas. Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment

For the answers, I need to use excel formulas.

image text in transcribed Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 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 $1.645 million in annual sales, with costs of $610,000. The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? input oreo: \begin{tabular}{|lr|} \hline Asset investment & $2,180,000 \\ Estimated annual sales & $1,645,000 \\ Costs & $610,000 \\ Tax rate & 21% \\ Project and asset life & 3 \\ Required return & 12% \\ \hline \end{tabular} (Use cells A6 to B10 from the given information to complete this question.) Output area: \begin{tabular}{|l|l|} \hline Sales & \\ Costs & \\ Depreciation & \\ EBT & \\ Taves & \\ Net income & \\ OCF & \\ NPV & \\ \hline \end{tabular} Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 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 $1.645 million in annual sales, with costs of $610,000. The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? input oreo: \begin{tabular}{|lr|} \hline Asset investment & $2,180,000 \\ Estimated annual sales & $1,645,000 \\ Costs & $610,000 \\ Tax rate & 21% \\ Project and asset life & 3 \\ Required return & 12% \\ \hline \end{tabular} (Use cells A6 to B10 from the given information to complete this question.) Output area: \begin{tabular}{|l|l|} \hline Sales & \\ Costs & \\ Depreciation & \\ EBT & \\ Taves & \\ Net income & \\ OCF & \\ NPV & \\ \hline \end{tabular}

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