P10-12 NPV and Modified ACRS (LO1) Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.1 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $399,000 after 3 years. The project requires an initial investment in net working capital of $570,000. The project is estimated to generate $4,560,000 in annual sales, with costs of $1,824,000. The tax rate is 34 percent and the required return on the project is 11 percent. (Do not round your Intermediate calculations.) Required: (a)What is the project's year net cash flow? -5,386,500 (b)What is the project's year 1 net cash flow? 2,622,072 (c)What is the project's year 2 net cash flow? 2,145,332 (d)What is the project's year 3 net cash flow? 3,017,459 (e)What is the NPV? 819,643