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) (Enter your answers in dollars, not millions of dollars, e.g. 1,234,567. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 d

Property Class Year Five-Year Three-Year 33.33% 44.45 14.81 7.41 20.00% 32.00 19.20 11.52 11.52 Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 2 3 4 5.76 6 7 8