Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.5 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $197,400 after 3 years. The project requires an initial investment in net working capital of $282,000. The project is estimated to generate $2,256,000 in annual sales, with costs of $902,400. The tax rate is 23 percent and the required return on the project is 15 percent. What is the project's year 0 net cash flow? What is the project's year 1 net cash flow? $1,233,920 $1,110,528 $1,172,224 $1,295,615 $1,357,311 What is the project's year 2 net cash flow? $1,297,860 $1,110,528