Summe Tyme Inc is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.94 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $462,000. The project requires an initial investment in net working capital of $660,000. The project is estimated to generate $5,280,000 in annual sales, with costs of $2,112,000. The tax rate is 30 percent and the required return on the project is 9 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -6,930,000 -6,600,000 -5,940,000 -6,270,000 -7,260,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 2,811,600 2,530,440 2,671,020 3,092,760 2,952,180

(c)	What is the project's year 2 net cash flow?
	(Click to select) 2,811,600 2,671,020 2,952,180 2,530,440 3,092,760

(d)	What is the project's year 3 net cash flow?
	(Click to select) 3,605,250 3,984,750 3,415,500 4,174,500 3,795,000

(e)	What is the NPV?
	(Click to select) 1,340,171 2,616,729 1,276,353 -1,167,578 1,176,988