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Please show steps in excel for practice Check my work Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial

image text in transcribedPlease show steps in excel for practice

Check my work Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.61 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,050,000 in annual sales, with costs of $751,000. The project requires an initial investment in net working capital of $270,000, and the fixed asset will have a market value of $275,000 at the end of the project. points If the tax rate is 30 percent, what is the project's Year 1 net cash flow? Year 2? Year 3? Table 8.3. (Enter your answers in dollars, not Skippedmillions of dollars. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 1,234,567.89.) Cash Flow eBook Print References Year 0 Year 1 Year 2 Year 3 If the required return is 15 percent, what is the project's NPV? (Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.) NPV

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