Problem $10-13$ NPV and Bonus Depreciation $[$LO$1]$

Quad Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}29$ million. The fixed asset qualifies for $100$ percent bonus depreciation in the first year. The project is estimated to generate $$1,790,000$ in annual sales, with costs of $$684,000.$ The project requires an initial investment in net working capital of $$410,000,$ and the fixed asset will have a market value of $$420,000$ at the end of the project.

a$.$ If the tax rate is $21$ percent, what is the project's Year $0$ net cash flow? Year $1?$ Year $2?$ Year $3?($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e$.$g$.,1,234,567.)$

b$.$ If the required return is $12$ percent, what is the project's NPV$?($Do not round intermediate calculations and enter your $$nswers in dollars, not millions of dollars, rounded to two decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

$\backslash$table$[[$a$.,$Year $0$ cash flow,$],[,$Year $1$ cash flow,$],[,$Year $2$ cash flow,$],[,$Year $3$ cash flow,$],[$b$.,$NPV$,1]]$