Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.4 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $344,400 after 3 years. The project requires an initial investment in net working capital of $492,000. The project is estimated to generate $3,936,000 in annual sales, with costs of $1,574,400. The tax rate is 32 percent and the required return on the project is 17 percent. (Do not round your intermediate calculations.)

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -1,867,657 -1,971,416 -4,402,800 -4,892,000 -4,647,400

(b)	What is the project's year 1 net cash flow?
	(Click to select) 1,867,657 2,282,692 1,971,416 2,178,933 2,075,174

(c)	What is the project's year 2 net cash flow?
	(Click to select) 2,343,331 2,120,157 1,867,657 2,231,744 2,178,933

(d)	What is the project's year 3 net cash flow?
	(Click to select) 2,512,691 2,380,444 2,777,184 2,644,938 2,178,933

(e)	What is the NPV?
	(Click to select) 155,224 136,838 171,563 9,477,378 163,393.73