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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.5 million. The fixed asset falls into the

image text in transcribedimage text in transcribedimage text in transcribed Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.5 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) (TIP: make sure you refer to this MACRS table! The one on our PowerPoint slides may have slightly different numbers) and will have a market value of $424,200 after 3 years. The project requires an initial investment in net working capital of $606,000. The project is estimated to generate $4,848,000 in annual sales, with annual production costs of $1,939,200. The tax rate is 23 percent and the required return on the project is 17 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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