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 $298,200 after 3 years. The project requires an initial investment in net working capital of $426,000. The project is estimated to generate $3,408,000 in annual sales, with costs of $1,363,200. The tax rate is 32 percent and the required return on the project is 11 percent. (Do not round your intermediate calculations.) Required: (a) What is the project's year 0 net cash flow? -1,616,181 (b) What is the project's year 1 net cash flow? 1,705,969 (c) What is the project's year 2 net cash flow? 2,027,525 (d) What is the project's year 3 net cash flow? 2,174,963 (e) What is the NPV? 664,690