Music Prospers Inc. is considering a new three-year expansion project that requires an initial fixed asset investment of $2.29 million. The fixed asset will be depreciated straight-lined to zero over its three-year tax life. The project is estimated to generate $1,790,000 in annual sales, with costs of $700,000. The project requires an intitial investment in net working capital of $410,000, and the fixed asset will have a market value of $420,000 at end of the project.

a. If the tax rate is 21 percent, what is the project's year 0 net cash flow? Year 1? Year 2? Year 3? (do not round till the answer is found)

b. If the required return is 12 percent, what is the project's NVP? (do not round till the answer)

Please show all work so that I can learn how to do this

a. Year 0 cash flow Year 1 cash flow Year 2 cash flow Year 3 cash flow b. NPV