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) and will have a market value of $491,400 after 3 y requires an initial investment in net working capital of $702,000. The project is estimated to generate $5,616,000 in annual sales, with costs of $2,246,400. The tax rate is 23 percent and the required return on the project is 11 percent. eBook What is the project's year 0 net cash flow? $ 2,923,667 What is the project's year 1 net cash flow? 3,385 298 What is the project's year 2 net cash flow? 13,231,421 What is the project's year 3 net cash flow? * *3.231,421 3231421