Fun With Finance is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.08 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 $84,000. The project requires an initial investment in net working capital of $120,000. The project is estimated to generate $960,000 in annual sales, with costs of $384,000. The tax rate is 32 percent and the required return on the project is 13 percent.

(a)	What is the project's year 0 net cash flow?
	(Click to select) -1,140,000 -1,260,000 -1,320,000 -1,080,000 -1,200,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 506,880 481,536 557,568 532,224 456,192

(c)	What is the project's year 2 net cash flow?
	(Click to select) 456,192 557,568 506,880 481,536 532,224

(d)	What is the project's year 3 net cash flow?
	(Click to select) 718,200 615,600 684,000 752,400 649,800

(e)	What is the NPV?
	(Click to select) -214,952 125,553 119,574 471,454 116,821