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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset falls into the

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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $226,800 after 3 years. The project requires an initial investment in net working capital of $324,000. The project is estimated to generate $2,592,000 in annual sales, with costs of $1,036,800. The tax rate is 22 percent and the required return on the project is 16 percent. What is the project's year O 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

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