Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.834 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 (salvage value) of $298,200. The project requires an initial investment in net working capital of $426,000. The project is estimated to generate $3,408,000 in annual sales, with costs of $1,363,200. The tax rate is 32 percent and the required return on the project is 15 percent. Required: (a)What is the project's year O net cash flow (or cash flow from assets)? (Click to select) (b)What is the project's year 1 net cash flow (or cash flow from assets)? (Click to select) 4 (c) What is the project's year 2 net cash flow (or cash flow from assets)? (Click to select) (d)What is the project's year 3 net cash flow (or cash flow from assets)? (Click to select) (e)What is the NPV? (Click to select) - Required: (a)What is the project's year O net cash flow (or cash flow from assets)? v (Click to select) -4,473,000 (1 -4,047,000 ject's year 1 net cash flow (or cash flow from assets)? -3,834,000 -4,260,000 ( -4,686,000 ject's year 2 net cash flow (or cash flow from assets)? TTCIICK 10 select (b)What is the project's year 1 net cash flow (or cash flow from assets)? v (Click to select) 1,979,366 ( 1,799,424 ject's year 2 net cash flow (or cash flow from assets)? 1,889,395 1,709,453 ( 1,619,482 ject's year 3 net cash flow (or cash flow from assets)? (CIICK 10 select (c) What is the project's year 2 net cash flow (or cash flow from assets)? (Click to select) 1,619,482 ( 1,979,366 ject's year 3 net cash flow (or cash flow from assets)? 1,799,424 1,709,453 ( 1,889,395 V? (CHICK to select (d)What is the project's year 3 net cash flow (or cash flow from assets)? v (Click to select) 2,306,790 ( 2,185,380 V? 2,428,200 2,671,020 2,549,610 8 (e)What is the NPV? (Click to select) -740,567 274,490 1,657,930 261,920 275,017