Halloween Costumes Unlimited is considering a new 3-year store expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset falls into the 3- year MACRS class (MACRS Table) and will have a market value of $302,400 after 3 years. The project requires an initial investment in net working capital of $432,000. The project is estimated to generate $3,456,000 in annual sales, with costs of $1,382,400. The tax rate is 35 percent and the required return on the project is 8 percent. (Do not round your intermediate calculations.) Required: (a)What is the project's year 0 net cash flow? (Click to select) (b)What is the project's year 1 net cash flow? (Click to select) (c)What is the project's year 2 net cash flow? (Click to select) (d)What is the project's year 3 net cash flow? (Click to select) (e)What is the NPV? (Click to select)

Halloween Costumes Unlimited is considering a new 3-year store expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset falls into the 3 year MACRS class (MACRS Table) and will have a market value of $302,400 after 3 years. The project requires an initial investment in net working capital of $432,000. The project is estimated to generate $3,456,000 in annual sales, with costs of $1,382,400. The tax rate is 35 percent and the required return on the project is 8 percent. (Do not round your intermediate calculations.) Required: (a)What is the project's year 0 net cash flow? (b)What is the project's year 1 net cash flow? (c) What is the project's year 2 net cash flow? (d) What is the project's year 3 net cash flow? (e)What is the NPV