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Please provide excel formulas if possible. Thank you. Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of

Please provide excel formulas if possible. Thank you.

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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 straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2.190.000 in annual sales with costs of $815,000. The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? 6969 $ Asset investment Estimated annual sales Costs Tax rate Project and asset life Required return 2.900.000 2.190.000 815,000 21% 3 12% Complete the following analysis. Do not hard code values in your calculations. $ 2.190.000 815,000 Sales Costs Depreciation EBT Taxes Net income OCF NPV

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