Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed Investment of 53.5 million. The fired asset falls into the J-year MACRS dass (MACRS Tabe) and will have a market value of $268,800 after 3 years. The project requires an initial investment in networking capital of 5384,000. The project is estimated to generate $3.072,000 in annual sales with costs of $120.000 The tax rate is 30 percent and the required return on the project is 9 percent (Do not round your intermediate calculations.) Required: (a) What is the project's year net cash flow? (Click to select) (b) What is the project's year 1 net cash flow? Click to select) (c) What is the project's year 2 net cash flow? (Click to select) (d) What is the project's year 3 net cash flow? (Click to select) le) What is the NPV? (Click to select) References eBook & Resources Worksheet Learning Objective 10.03 How to determine the relevant cash flows for a proposed project Difficulty: Basic Section 10 4 More about Project Cash Flow 46 PM 2/2020