Halloween Costumes Unlimited is considering a new $3-$year store expansion project that

requires an initial fixed asset investment of $$6\mathrm{.}4$ million. The fixed asset falls into the $3-$

year MACRS class $($MACRS Table$)$ and will have a market value of $$495,600$ after $3$

years. The project requires an initial investment in net working capital of $$708,000.$ The

project is estimated to generate $$5,664,000$ in annual sales, with costs of $$2,265,600.$

The tax rate is $30$ percent and the required return on the project is $14$ percent. $($Do not

round your intermediate calculations.$)$

Required:

$($a$)$What is the project's year $0$ net cash flow?

$-7,108,000,vv$

$($b$)$What is the project's year $1$ net cash flow?

$3,018,816$

$($c$)$What is the project's year $2$ net cash flow?

$3,232,320$

$($d$)$What is the project's year $3$ net cash flow?

$???($answer is not $3,718,152)$

$($e$)$What is the NPV$?$

$532,855$