H. Cochran, Inc., Is considering a new three-year expansion project that requires an Inltial fixed asset Investment of $2,250,000. The fixed asset will be depreclated stralghtIne to zero over its three-year tax life. The project is estimated to generate $2,370,000 In annual sales, with costs of $1,410,000. The project requires an Initial Investment in net working capltal of $172,000 and the fixed asset will have a market value of $207,000 at the end of the project. Assume that the tax rate is 22 percent and the required return on the project is 11 percent. a. What are the net cash flows of the project each year? (A negatlve answer should be Indlcated by a minus sign. Do not round Intermedlate calculations and round your answers to the nearest whole number, e.g., 32.) b. What is the NPV of the project? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)