H. Cochran Enterprises is considering a new three-year expansion project that requires an intial fixed asset investment of $2,300,000. The fixed asset falls into the three-year MARS class. The project is estimated to generate $1,720,000 in annual sales, with costs of $628,000. The project requires an intial investment in net working capital of $270,000, and the fixed asset will have a market value of $210,000 at the end of the project.

a. If the tax rate is 22 percent, what is the project's Year 0 net cash flow? Year 1? Year 2? Year 3? (don't round intermiediate calculations and round answers to two decimal places)

b. If the required return is 10 percent, what is the project's NPV? (don't round intermiediate calculations and round awnsers to two decimal places)