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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset will be depreciated

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 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 $2,190,000 in annual sales, with costs of $815,000. The tax rate is 35%. Suppose the fixed asset actually falls into the three-year MACRS class. All other facts of the problem are the same. What are the project's Year 0 - Year 3 net cash flow? What is the new NV? IRR? MIRR? Discounted Payback?

Please do it in Excel!

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