Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.45 million. The fixed asset qualifies for 100 percent bonus depreciation in the first year. The project is estimated to generate $1,795,000 in annual sales, with costs of $688,000. The project requires an initial investment in net working capital of $420,000, and the fixed asset will have a market value of $435,000 at the end of the project.

a.If the tax rate is 22 percent, what is the project's Year 0 net cash flow? Year 1? Year 2? Year 3?(A negative answer should be indicated by a minus sign.Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567.)b.If the required return is 9 percent, what is the project's NPV?