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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.3 million. The fixed asset falls into the

Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.3 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $415,800 after 3 years. The project requires an initial investment in net working capital of $594,000. The project is estimated to generate $4,752,000 in annual sales, with costs of $1,900,800. The tax rate is 24 percent and the required return on the project is 11 percent. What is the project's year 0 net cash flow? What is the project's year 1 net cash flow? What is the project's year 2 net cash flow? What is the project's year 3 net cash flow? What is the NPV?

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