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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.106 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 $2.106 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 $163,800. The project requires an initial investment in net working capital of $234,000. The project is estimated to generate $1,872,000 in annual sales, with costs of $748,800. The tax rate is 22 percent and the required return on the project is 16 percent. What is the project's Year 0 net cash flow? What is the project's Year 1 net cash flow

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