Question 4 ABC Company is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.38 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life. The project is estimated to generate $1,805,000 in annual sales, with costs of $715,000. The project requires an initial investment in net working capital of $440,000, and the fixed asset will have a market value of $465,000 at the end of the project. If the tax rate is 24 percent, what is the project's Year O net cash flow? -$2,380,000 O $2,820,000 O $1,801,200