Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.458 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $113,400. The project requires an initial investment in net working capital of $162,000. The project is estimated to generate $1,296,000 in annual sales, with costs of $518,400. The tax rate is 31 percent and the required return on the project is 17 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select)-1,458,000-1,701,000-1,539,000-1,782,000-1,620,000

(b)	What is the project's year 1 net cash flow?
	(Click to select)755,924618,484721,564652,844687,204

(c)	What is the project's year 2 net cash flow?
	(Click to select)687,204721,564755,924652,844618,484

(d)	What is the project's year 3 net cash flow?
	(Click to select)1,020,195927,450881,078973,823834,705

(e)	What is the NPV?
	(Click to select)50,86048,438621,993-263,48360,436