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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.2 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 $3.2 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $252,000 after 3 years. The project requires an initial Investment in net working capital of $360,000. The project is estimated to generate $2.880,000 in annual sales, with costs of $1,152,000. The tax rate IS 21 percent and the required return on the project is 18 percent. What is the project's year o net cash flow? Year 0 cash flow What is the project's year 1 net cash flow? Year 1 cash flow What is the project's year 2 net cash flow? Year 2 cash flow What is the project's year 3 net cash flow? Year 3 cash flow What is the NPV? NPV

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