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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.806 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.806 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $373,800. The project requires an initial investment in net working capital of $534,000. The project is estimated to generate $4,272,000 in annual sales, with costs of $1708,800. The tax rate is 22 percent and the required return on the project is 9 percent. What is the project's Year O net cash flow? Year 0 cash flow What is the project's Year 1 net cash flow? Year 1 cash flow What is the project's Year 2 net cash flow? Year 2 cash flow

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