Problem 10-11 Calculating NPV. Calculating NPV - Excel HOME INSERT PAGE LAYOUTFORMULAS DATA REVIEWVIEW AAlignment Number Conditional Format as Cell Cells Editing Paste Clipboard D30 Formatting Table Styles Styles 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. 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 S300,000, 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? 4 6 Asset investment 7 Estimated annual sales S 2,190,000 8 Costs 9 Net working capital 10 Pretax salvage value S 11Tax rate 12Project and asset life 13Required return S 2,900,000 815,000 300,000 210,000 21% 12% 15 16Complete the following analysis. Do not hard code values in your calculations. You must ise the huilt.in FYcel function to calculate the NP ...Sheet1 | ital Budgeting Assignment i Saved Calculating NPV - Excel HOME INSERT PAGE LAYOUTFORMULAS DATA REVIEWVIEW Sign In Arial H Paste -Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Styles ts D30 ferences 16Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV 17 18Aftertax salvage value 19 20 21 Sell equipment Taxes 210,000 44,100) 165,900 Aftertax cash flow 23 Sales 24 Costs 25 Depreciation 26 EBT 27 Taxes 28 Net income S 2,190,000 S 2,190,000 $ 2,190,000 815,000 966,667 408,333 85.750 322,583 815,000 966,667 408,333 S 815,000 966,667 408,333 S 85,750 322,583S 85.750 322,583 S 301 Capital spending 31 Net working capital 32 OCF 33 Net cash flow 35 NPV 36 37 ...Sheet1 100% Attempt(s) 6/6