Question 4 - 5.7 Excel X Bb TREVECCA NAZARENE * $ Home - Home X Mail - Lewis, Josh G - (X [s Home - Home X 9 New Tab X + V X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Ftrevecca.blackboard.com%252Fwebapps%252Fbl... @ J Apps Continuing Education. > Reading list 5.7 Excel Spreadsheet Assignment #2 (@ Saved Help Save & Exit Submit Quad Enterprises is considering a new three-year expansion project that requires 4 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 21 percent. If the required return is 12 percent, what is the project's NPV? 5 4 points Asset investment 2,900,000 Estimated annual sales 2, 190,000 Print Costs 815,000 LD 00 Tax rate 21% 10 Project and asset life 3 11 Required return 12% 12 13 14 Complete the following analysis. Do not hard code values in your calculations. 15 16 Sales $ 2, 190,000 17 Costs 815,000 18 Depreciation 966,667 ... Sheet1 + READY + 100% Mc Graw Hill 9 W 11:20 AM 1/10/2022Question 4 - 5.7 Excel X Bb TREVECCA NAZARENE * $ Home - Home X Mail - Lewis, Josh G - ( X s Home - Home X 9 New Tab X + V X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Ftrevecca.blackboard.com%252Fwebapps%252Fbl... @ J Apps Continuing Education. > Reading list 5.7 Excel Spreadsheet Assignment #2 i Saved Help Save & Exit Submit 11 Required return 12% 12 4 13 14 Complete the following analysis. Do not hard code values in your calculations. 15 16 Sales 2, 190,000 5 17 Costs 815,000 points 18 Depreciation 966,667 19 EBT $ 408,333 20 Taxes 85,750 Print 21 Net income S 322,583 22 23 OCF $ 1,289,250 24 25 NPV 26 27 28 29 . .. Sheet1 . .. (+ READY LIT + 100% Mc Graw Hill O 9 W 11:20 AM 1/10/2022