Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.97 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 $231,000. The project requires an initial investment in net working capital of $330,000. The project is estimated to generate $2,640,000 in annual sales, with costs of $1,056,000. The tax rate is 33 percent and the required return on the project is 13 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -3,630,000 -3,300,000 -3,135,000 -2,970,000 -3,465,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 1,249,182 1,387,980 1,318,581 1,457,379 1,526,778

(c)	What is the project's year 2 net cash flow?
	(Click to select) 1,457,379 1,526,778 1,318,581 1,249,182 1,387,980

(d)	What is the project's year 3 net cash flow?
	(Click to select) 1,966,388 1,685,475 1,779,113 2,060,025 1,872,750

(e)	What is the NPV?
	(Click to select) 1,302,982 313,203 307,233 328,863 -612,684