Looks like the year 3 and NPV are incorrect. Please help!

Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.64 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,060,000 in annual sales, with costs of $755,000. The project requires an initial investment in net working capital of $280,000, and the fixed asset will have a market value of $270,000 at the end of the project. If the tax rate is 35 percent, what is the projects Year 0 net cash flow? Year 1? Year 2? Year 3? (Enter your answers in dollars, not millions of dollars (e.g., 1,234,567). Negative amounts should be indicated by a minus sign.)

Years	Cash Flow
Year 0	$ -2,920,000 -2,920,000 Correct
Year 1	$ 1,156,250.00 1,156,250.00 Correct
Year 2	$ 1,156,250.00 1,156,250.00 Correct
Year 3	$ 1,331,750.00 1,331,750.00 Incorrect

If the required return is 13 percent, what is the project's NPV?

Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.64 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,060,000 in annual sales, with costs of $755,000. The project requires an initial investment in net working capital of $280,000 and the fixed asset will have a market value of $270,000 at the end of the project. If the tax rate is 35 percent, what is the project's Year 0 net cash flow? Year 1? Year 2? Year 3? (Enter your answers in dollars, not millions of dollars (e.g., 1,234,567). Negative amounts should be indicated by a minus sign.) 4.34 points 00:15:27 Cash Flow Years Year 0 $2,920,000 Year11,156,250.00 Year 2 1156,250.00 1331750.00 $1,331,750.00 Year 3 If the required return is 13 percent, what is the project's NPV? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).) NPV$ $-68,287.01 Mc Graw Hill Prev 14 of 23 Next >