Shelie, can you please assist with the following/attached question?

Thank you.

Gary

HW #5 HW #5 EMBA FIN526 spring 2017: FIN526 value: 4.00 points Down Under Boomerang. Inc.. is considering a new threecyear expansion project that requires an initial xed asset invoauneni of $2.46 million. The xed asset falls irio the three-year MACRS class. The project is estimated to generate $2,000.0le in annual sales, wih costs of $711,600. The project requires an initial investment in net working capital of $220.00), and the xed asset will have a market value of $300.\" at the end of the projed. if the tax rate ie 35 percent and the required retum is 16 percent. what is the project's Year 1 net cash flow? Year 2? Year 3?lUse MACRS) (A negative answer should be indicated bya minus sign. Enter your answers in dollars, not millions oi dollars, eg., 1,234,567. Do not round Intermediate calculations and round your answers to 2 decimal places. e.g.. 32.18.) Years Cash Flow Year 0 s I Year 1 5 I Year 2 S I Year 3 S I What is the project's NPV? (Enter your answer in dollars. not millions oi dollars, e.g., 1,234,587. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.10.) NPV 5' References eBooir Ir Resources Worksheet Section: 6.2 The Baldwin Company: An Example Difficulty: 1 Basic Section: 6.3 Alternative Denitions of Operating Cash Flow Page 1 of 1 Gary Miller instructions I help Property Class Year Three-Year Five-Year Seven-Year 33.33% 20.00% 14.29% 44.45 32.00 24.49 14.81 19.20 17.49 7.41 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.46