Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.318 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 $491,400. The project requires an initial investment in net working capital of $702,000. The project is estimated to generate $5,616,000 in annual sales, with costs of $2,246,400. The tax rate is 34 percent and the required return on the project is 15 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -7,020,000 -6,669,000 -6,318,000 -7,722,000 -7,371,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 3,086,975 2,645,978 2,939,976 2,792,977 3,233,974

(c)	What is the project's year 2 net cash flow?
	(Click to select) 2,645,978 2,939,976 3,086,975 2,792,977 3,233,974

(d)	What is the project's year 3 net cash flow?
	(Click to select) 4,164,615 3,767,985 4,362,930 3,966,300 3,569,670

(e)	What is the NPV?
	(Click to select) 2,758,049 385,824 367,452 -1,309,807 394,627