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Fun With Finance is considering a new 3 - year expansion project that requires an initial fixed asset investment of $ 4 . 7 5

Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.752 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $369,600. The project requires an initial investment in net working capital of $528,000. The project is estimated to generate $4,224,000 in annual sales, with costs of $1,689,600. The tax rate is 31 percent and the required return on the project is 12 percent.
Required:
(a)What is the project's year 0 net cash flow?
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(b)What is the project's year 1 net cash flow?
(c) What is the project's year 2 net cash flow?
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(d)What is the project's year 3 net cash flow?
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(e)What is the NPV?
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