Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.454 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 $424,200. The project requires an initial investment in net working capital of $606,000. The project is estimated to generate $4,848,000 in annual sales, with costs of $1,939,200. The tax rate is 30 percent and the required return on the project is 14 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select) -6,666,000 -5,757,000 -6,060,000 -6,363,000 -5,454,000

(b)	What is the project's year 1 net cash flow?
	(Click to select) 2,323,404 2,452,482 2,710,638 2,839,716 2,581,560

(c)	What is the project's year 2 net cash flow?
	(Click to select) 2,710,638 2,323,404 2,452,482 2,839,716 2,581,560

(d)	What is the project's year 3 net cash flow?
	(Click to select) 3,484,500 3,310,275 3,832,950 3,136,050 3,658,725

(e)	What is the NPV?
	(Click to select) 570,036 539,432 -991,068 542,891 2,346,394