Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.21 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 $483,000. The project requires an initial investment in net working capital of $690,000. The project is estimated to generate $5,520,000 in annual sales, with costs of $2,208,000. The tax rate is 33 percent and the required return on the project is 14 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -6,555,000 -7,590,000 -6,900,000 -6,210,000 -7,245,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 2,757,033 2,611,926 3,047,247 2,902,140 3,192,354

(c)	What is the project's year 2 net cash flow?
	(Click to select) 3,047,247 2,902,140 2,611,926 2,757,033 3,192,354

(d)	What is the project's year 3 net cash flow?
	(Click to select) 3,524,175 3,719,963 4,307,325 3,915,750 4,111,538

(e)	What is the NPV?
	(Click to select) 521,859 547,952 527,701 2,711,100 -1,261,988