Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.134 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $88,200. The project requires an initial investment in net working capital of $126,000. The project is estimated to generate $1,008,000 in annual sales, with costs of $403,200. The tax rate is 33 percent and the required return on the project is 12 percent.

1) What is the project's year 0 net cash flow

2) What is the project's year 1 net cash flow?

3) What is the project's year 2 net cash flow

4) What is the project's year 3 net cash flow

5) What is the NPV?