Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.264 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 $487,200. The project requires an initial investment in net working capital of $696,000. The project is estimated to generate $5,568,000 in annual sales, with costs of $2,227,200. 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) (b)What is the project's year 1 net cash flow? (Click to select) (c)What is the project's year 2 net cash flow? (Click to select) (d)What is the project's year 3 net cash flow? (Click to select) (e)What is the NPV? (Click to select)

Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.264 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 $487,200. The project requires an initial investment in net working capital of $696.000. The project is estimated to generate $5,568,000 in annual sales, with costs of $2,227,200. 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? (b)What is the project's year 1 net cash flow? (c) What is the project's year 2 net cash flow? (d) What is the project's year 3 net cash flow? (e) What is the NPV