Jet Skis Unlimited is considering a new 3-year project in beautiful Southern California. The project requires an initial investment into brand-new jet skis in the amount of $2.052 million. These jet skis will be rented out to the locals and tourists and generate annual profits. The jet skis will be depreciated according to the straight-line depreciation method all the way to zero over their 3-year economic life. The project will end when the jet skis reach the end of their economic life, at which point they can be sold for an estimated selling price of $159,600. The jet ski project will also require an immediate investment in net working capital (e.g., cash reserve) of $228,000. The project's estimated annual sales revenues are $1,824,000, and the estimated annual production costs are $729,600. The company faces a tax rate of 25 percent. The discount rate for the project is 15 percent.

What is the project's Year 0 total cash flow?

What is the project's Year 1 total cash flow?

What is the project's Year 2 total cash flow?

What is the project's Year 3 total cash flow?

Finally, calculate the Net Present Value of this project.