Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.5 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $273,000 after 3 years. The project requires an initial investment in net working capital of $390,000. The project is estimated to generate $3,120,000 in annual sales, with costs of $1,248,000. The tax rate is 33 percent and the required return on the project is 12 percent. (Do not round your intermediate calculations.)

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select)-1,475,281-3,890,000-1,557,241-3,501,000-3,695,500

(b)	What is the project's year 1 net cash flow?
	(Click to select)1,803,1221,639,2021,475,2811,557,2411,721,162

(c)	What is the project's year 2 net cash flow?
	(Click to select)1,721,1621,679,2561,475,2811,767,6381,856,019

(d)	What is the project's year 3 net cash flow?
	(Click to select)2,187,9811,979,6011,721,1622,083,7911,875,412

(e)	What is the NPV?
	(Click to select)442,628465,923.837,827,178387,220489,220