Question 14 1 pts Questions #14 to #16 use the following setup Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.7 million. The fixed asset will be depreciated straight-line to zero over its three year life and thereafter, it will be worthless. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. If the tax rate is 35 percent, what is the OCF per year for this project? Question 15 1 pts Following question #14, suppose the project requires an n al investment in net working capital of $300,000, and maintains at this level until the end o year 2 And this net working capital will be recovered at the end of the project. What are the project's incremental free cash flows? Year Year 1 Year 2Year 3 A-2,700,000 1.208750 1.208750 1,508750 . "2.700,000 1.375,000 1.375,000 1.675,000 .-3.000.000 1.375.000 1.375.000 1.375.000 D-3,000,000 1.208,750 1.208,750 1,508,750 Question 16 1 pts Following question #15, suppose the cost of capital is 12%. What is the NPV of this expansion project