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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.58 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 $2.58 million. The fixed asset will be depreciated straight line to zero over its three-year tax life, after which time it will be worthless The project is estimated to generate $2,040,000 in annual sales, with costs of $735,000. The project requires an initial investment in net working capital of $260,000, and the fixed asset will have a market value of $280,000 at the end of the project. If the tax rate is 34 percent, what is the project's Year 0 net cash flow? Year 12 Year 2 Year 3? (Do not round intermediate calculations Enter your answers in dollars, not millions of dollars, e.g. 1,234,567. Negative amounts should be Indicated by a minus sign.) Cash Flow $ Years Year 0 Year 1 Year 2 Year 3 $ $ $ If the required return is 15 percent, what is the project's NPV? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g. 32.16.) NPV V

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