H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.430,000. The fixed asset falls into the three-year MACRS class (MACRS Table). The project is estimated to generate $2,260,000 in annual sales, with costs of $1.250,000. The project requires an initial investment in net working capital of $161,000, and the fixed asset will have a market value of $186.000 at the end of the project. Assume that the tax rate is 40 percent and the required return on the project is 8 percent. What is the net cash flow of the project each year? (A negative answer should be indicated by a minus sign. Enter your answers in dollars, not millions of dollars, e.g. 1,234,567. Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Year Cash Flow $ 1 3 What is the NPV of the project? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, ... 32. 16.) NPV Property Class 5-Year Year 3-Year 7-Year 33.33% 44.45 14.81 14.29% 24.49 20.00% 32.00 19.20 11.52 - N T T T 0 - 0 12.49 8.93 5.76