Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.76 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,100,000 in annual sales, with costs of $791,000. The project requires an initial investment in net working capital of $320,000, and the fixed asset will have a market value of $220,000 at the end of the project. If the tax rate is 34 percent, what is the projects Year 0 net cash flow? Year 1? Year 2? Year 3? (MACRS schedule) Years Cash Flow Year 0 $ Year 1 $ Year 2 $ Year 3 $ If the required return is 12 percent, what is the project's NPV? NPV $