Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.6 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $357,000 after 3 years. The project requires an initial investment in net working capital of $510,000. The project is estimated to generate $4,080,000 in annual sales, with costs of $1,632,000. The tax rate is 30 percent and the required return on the project is 17 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?