Global Enterprise Inc. is considering a new-3 year expansion project that requires an initial fixed assets investment of $1.188 million. The fixed asset will be depreciated straight-line to zero over its 3-year life, after which time it will have a market value of $92,400 (before tax). 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 31 percent and the required return on the project is 9 percent.

Global Enterprise wants to evaluate whether they would accept or reject the project. Please help Global Enterprise to do the analysis by filling the blank area below.

1. Main Information Depreciation (per year) = blank After tax salvage (in year 3) = blank 2. Total CFFA (in $)

	0	1	2	3
OCF	blank	blank	blank	blank
NCS	blank	blank	blank	blank
Changes in NWC	blank	blank	blank	blank
Total CFFA	blank	blank	blank	blank

3. Result NPV = blank Decision = blank