Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.0 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $466,200 after 3 years. The project requires an initial investment in net working capital of $666,000. The project is estimated to generate $5,328,000 in annual sales, with costs of $2,131,200. The tax rate is 33 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?

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

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

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

(e)	What is the NPV?