Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.242 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 $96,600. The project requires an initial investment in net working capital of $138,000. The project is estimated to generate $1,104,000 in annual sales, with costs of $441,600. The tax rate is 35 percent and the required return on the project is 10 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select)-1,380,000-1,449,000-1,311,000-1,518,000-1,242,000

(b)	What is the project's year 1 net cash flow?
	(Click to select)633,006517,914575,460604,233546,687

(c)	What is the project's year 2 net cash flow?
	(Click to select)546,687604,233517,914633,006575,460

(d)	What is the project's year 3 net cash flow?
	(Click to select)698,625776,250815,063853,875737,438

(e)	What is the NPV?
	(Click to select)-287,149201,940559,265212,037189,084