Quad Enterprises is considering a new 3-year expansion project that requires an Initial fixed asset Investment of $6.3 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) (TIP: make sure you refer to this MACRS table! The one on our PowerPoint slides may have slightly different numbers) and will have a market value of $491,400 after 3 years. The project requires an Initial Investment in net working capital of $702,000. The project is estimated to generate $5,616,000 in annual sales, with annual production costs of $2,246,400. The tax rate is 22 percent and the required return on the project is 14 percent. What is the project's year 0 net cash flow? $ -7,002,000 $-7,002,000 $-6,301,800 $-6,651,900 $-2,781,218 $-2,935,730 What is the project's year 1 net cash flow? $3,090,242 $2,781,218 $2,935,730 $3,244,754 $3,399,266 What is the project's year 2 net cash flow? $3,244,365 $2,781,218 $3,082,147 $3,406,583 $3,244,754 What is the project's year 3 net cash flow? $4,021,549 $3,619,394 $3,820,472 $4,222,627 $3,244,754 What Is the NPV? $919,603.10 $819,740.58 $ 14,176,511.59 $965,583.26 $873,622.95