Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.726 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 $289,800. The project requires an initial investment in net working capital of $414,000. The project is estimated to generate $3,312,000 in annual sales, with costs of $1,324,800. The tax rate is 30 percent and the required return on the project is 14 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -4,554,000 -3,726,000 -4,140,000 -3,933,000 -4,347,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 1,763,640 1,851,822 1,675,458 1,587,276 1,940,004

(c)	What is the project's year 2 net cash flow?
	(Click to select) 1,587,276 1,940,004 1,675,458 1,763,640 1,851,822

(d)	What is the project's year 3 net cash flow?
	(Click to select) 2,142,450 2,499,525 2,380,500 2,618,550 2,261,475

(e)	What is the NPV?
	(Click to select) -677,066 368,523 389,430 1,602,982 370,886