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please kindly provide the answers with the excel formulas. thank you. Quad Enterprises is considering a new three-year expansion project that requires an initial fixed

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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of \$2.9 million. The fixed asset will be depreciated on a three-year MACRS schedule. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. The project requires an initial investment in net working capital of $300,000, and the fixed asset will have a market value of $210,000 at the end of the project. What is the project's Year 0 net cash flow? Year 1 ? Year 2 ? Year 3 ? The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? \begin{tabular}{|l|l|} \hline \multicolumn{1}{|l|}{} & \\ 23 & Costs \\ \hline 24 & Depreciation \\ \hline 25 & EBT \\ 26 & Taxes \end{tabular} Fixed asset book value in three years Aftertax salvage value Sell equipment Taxes Aftertax cash flow Capital spending 38 Net working capital 39 OCF 40 Net cash flow 41 42 43 NPV

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