Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.456 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 $268,800. The project requires an initial investment in net working capital of $384,000. The project is estimated to generate $3,072,000 in annual sales, with costs of $1,228,800. The tax rate is 31 percent and the required return on the project is 18 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -4,032,000 -4,224,000 -3,840,000 -3,456,000 -3,648,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 1,547,482 1,466,035 1,710,374 1,628,928 1,791,821

(c)	What is the project's year 2 net cash flow?
	(Click to select) 1,628,928 1,710,374 1,547,482 1,791,821 1,466,035

(d)	What is the project's year 3 net cash flow?
	(Click to select) 2,418,240 2,088,480 2,308,320 2,198,400 1,978,560

(e)	What is the NPV?
	(Click to select) 48,332 85,734 1,468,098 -615,674 50,749