Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.8 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $294,000 after 3 years. 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 32 percent and the required return on the project is 9 percent.(Do not round your intermediate calculations.)

Required:

What is the project's year 0 net cash flow?

What is the project's year 1 net cash flow?

What is the project's year 2 net cash flow?

What is the project's year 3 net cash flow?

What is the NPV?