Pet Supply purchased $62,800 of fixed assets two years ago. The company no longer needs these assets so it is going to sell them today for $29,500. The assets are classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for Years 1 to 6, respectively. What is the net cash flow from this sale if the firm's tax rate is 23 percent and no bonus depreciation is taken?

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Quad Enterprises is considering a new three-year expansion project that requires B \begin{tabular}{|l|l|l|l|l|l} & C & D & E & F & G \\ \hline \end{tabular} \begin{tabular}{lrr|} \hline Asset investment & $ & 2,900,000 \\ Estimated annual sales & $ & 2,190,000 \\ Costs & $ & 815,000 \\ Net working capital & $ & 300,000 \\ Pretax salvage value & $ & 210,000 \\ Tax rate & & 21% \\ Project and asset life & & 3 \\ Required return & 12% \\ \hline \end{tabular} Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV