Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.346 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 (salvage value) of $415,800. The project requires an initial investment in net working capital of $594,000. The project is estimated to generate $4,752,000 in annual sales, with costs of $1,900,800. The tax rate is 35 percent and the required return on the project is 11 percent.

Required:
(a)	What is the project's year 0 net cash flow (or cash flow from assets)?
	(Click to select) -5,940,000 -5,346,000 -5,643,000 -6,534,000 -6,237,000

(b)	What is the project's year 1 net cash flow (or cash flow from assets)?
	(Click to select) 2,229,282 2,476,980 2,724,678 2,600,829 2,353,131

(c)	What is the project's year 2 net cash flow (or cash flow from assets)?
	(Click to select) 2,353,131 2,229,282 2,724,678 2,476,980 2,600,829

(d)	What is the project's year 3 net cash flow (or cash flow from assets)?
	(Click to select) 3,341,250 3,508,313 3,007,125 3,174,188 3,675,375

(e)	What is the NPV?
	(Click to select) 782,228 707,032 744,979 -1,216,917 2,394,057