Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.266 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 $331,800. The project requires an initial investment in net working capital of $474,000. The project is estimated to generate $3,792,000 in annual sales, with costs of $1,516,800. The tax rate is 33 percent and the required return on the project is 16 percent. Required: (a)What is the project's year O net cash flow (or cash flow from assets)? -4,740,000 (b)What is the project's year 1 net cash flow (or cash flow from assets)? 1,993,644 (c)What is the project's year 2 net cash flow (or cash flow from assets)? 1,993,644 (d)What is the project's year 3 net cash flow (or cash flow from assets)? 2,689,950 (e)What is the NPV? 183,598