Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.3 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $256,200 after 3 years. The project requires an initial investment in net working capital of $366,000. The project is estimated to generate $2,928,000 in annual sales, with costs of $1,171,200. The tax rate is 34 percent and the required return on the project is 16 percent. (Do not round your intermediate calculations.)

Required:
(a)	What is the project's year 0 net cash flow?
	a. -3,482,700 b.-3,299,400 c.-1,456,778 d.-1,380,106 e.-3,666,000

(b)	What is the project's year 1 net cash flow?
	a.1,610,123 b.1,686,796 c.1,456,778 d.1,380,106 e. 1,533,451

(c)	What is the project's year 2 net cash flow?
	a 1,658,217 b 1,610,123 c 1,380,106 d 1,741,128 e 1,575,306

(d)	What is the project's year 3 net cash flow?
	a.1,846,694 b1,749,500 c 1,610,123 d 2,041,083 e 1,943,888

(e)	What is the NPV?
	a. 103,557 b140,314 c133,632.55 d 126,951 e7,110,045