Quad Enterprises is considering a new three$-$year expansion project that requires an

initial fixed asset investment of $$23$ million. The fixed asset falls into the three$-$year

MACRS class $($MACRS schedule$).$ The project is estimated to generate $$1,720,000$ in

annual sales, with costs of $$628,000.$ The project requires an initial investment in net

working capital of $$270,000,$ and the fixed asset will have a market value of $$210,000$ at

the end of the project.

If the tax rate is $22$ percent, what is the project's Year $0$ net cash flow? Year $1?$ Year $2?$

Year $3?($A negotlve answer should be Indleated by o minus sign. Do not round

Intermedlete calculetions and enter your answers In dollers, not millions of dollars,

rounded to two declmal ploces, e$.$g$.,1,234,567\mathrm{.}89.)$

b$.$ If the required return is $10$ percent, what is the project's NPV$?($Do not round

Intermedlete calculetions and enter your answer In dollars, not milllons of dollars,

rounded to two declmal pleces, e$.$g$.,1,234,567\mathrm{.}89.)$