Problem 11 uses previous information from 9 & 10. Please show all work and calculations used.

9. Calculating Project OCF ILO1] Quad Enterprises is considering a new three-year pansion project that requires an initial fixed asset investment of $2.9 million. ex 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. If the tax rate is 35 percent, what is the OCF for this project? 0. Calculating Project NPV [LO1] In the previous problem, suppose the required return on the project is 12 percent. What is the project's NPV? . Calculating Project Cash Flow from Assets [LO1] In the previous problem, sup- pose 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? What is the new NPV