Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.188 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 $92,400. The project requires an initial investment in net working capital of $132,000. The project is estimated to generate $1,056,000 in annual sales, with costs of $422,400. The tax rate is 30 percent and the required return on the project is 14 percent. Required: (a)What is the project's year 0 net cash flow? -1,320,000 (b)What is the project's year 1 net cash flow? 590,436 (c) What is the project's year 2 net cash flow? 506,088 (d)What is the project's year 3 net cash flow? 683,100 (e) What is the NPV? 117,500