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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.37 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.37 million. The fixed asset will be depreciated straightline to zero over its three-year tax life. The project is estimated to generate $1,755,000 in annual sales, with costs of $665,000. The project requires an initial investment in net working capital of $340,000, and the fixed asset will have a market value of $315,000 at the end of the project a. If the tax rate is 24 percent, what is the project's Year o net cash flow? Year 1 ? Year 2? Year 3? (Do not round intermediate calculations and enter your onswers in dollars. not millions of dollars, e.g., 1,234,567. A negative answer should be indicated by a minus sign.) b. If the required return is 9 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places. e.g.. 32.16.)

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