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Summer Tyme, Inc., is considering a new 3 -year expansion project that requires an initial fixed asset investment of $3.78 million. The fixed asset will

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Summer Tyme, Inc., is considering a new 3 -year expansion project that requires an initial fixed asset investment of $3.78 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 $294,000. The project requires an initial investment in net working capital of $420,000. The project is estimated to generate $3,360,000 in annual sales, with costs of $1,344,000. The tax rate is 30 percent and the required return on the project is 10 percent. Required: (a)What is the project's year 0 net cash flow? (b)What is the project's year 1 net cash flow? (c)What is the project's year 2 net cash flow? (d)What is the project's year 3 net cash flow? (e)What is the NPV

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