Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.698 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 $365,400. The project requires an initial investment in net working capital of $522,000. The project is estimated to generate $4,176,000 in annual sales, with costs of $1,670,400. The tax rate is 32 percent and the required return on the project is 11 percent.

Required:
(a)	What is the project's year 0 net cash flow?
	(Click to select)-5,220,000-4,698,000-5,742,000-5,481,000-4,959,000

(b)	What is the project's year 1 net cash flow?
	(Click to select)2,094,6822,425,4211,984,4352,204,9282,315,174

(c)	What is the project's year 2 net cash flow?
	(Click to select)2,315,1742,204,9281,984,4352,094,6822,425,421

(d)	What is the project's year 3 net cash flow?
	(Click to select)2,677,8602,975,4003,124,1702,826,6303,272,940

(e)	What is the NPV?
	(Click to select)-964,325768,1562,071,188690,215731,577