Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.238 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 $407,400. The project requires an initial investment in net working capital of $582,000. The project is estimated to generate $4,656,000 in annual sales, with costs of $1,862,400. The tax rate is 21 percent and the required return on the project is 9 percent.

A. What is the project's Year 0 net cash flow?

B. What is the project's Year 1 net cash flow?

C. What is the project's Year 2 net cash flow?

D. What is the project's Year 3 net cash flow?

E. What is the NPV?