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Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.914 million. The fixed asset will be

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Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.914 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 $382,200. The project requires an initial investment in net working capital of $546,000. The project is estimated to generate $4,368,000 in annual sales, with costs of $1747,200. The tax rate is 30 percent and the required return on the project is 9 percent Required: (a)What is the project's year 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

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