Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.322 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 $180,600. The project requires an initial investment in net working capital of $258,000. The project is estimated to generate $2,064,000 in annual sales, with costs of $825,600. The tax rate is 34 percent and the required return on the project is 12 percent.

Required:
(a)	What is the project's year 0 net cash flow (or cash flow from assets)?
	(Click to select) -2,451,000 -2,580,000 -2,838,000 -2,709,000 -2,322,000

(b)	What is the project's year 1 net cash flow (or cash flow from assets)?
	(Click to select) 1,026,479 1,188,554 972,454 1,134,529 1,080,504

(c)	What is the project's year 2 net cash flow (or cash flow from assets)?
	(Click to select) 1,188,554 1,080,504 1,026,479 1,134,529 972,454

(d)	What is the project's year 3 net cash flow (or cash flow from assets)?
	(Click to select) 1,384,815 1,457,700 1,311,930 1,603,470 1,530,585

(e)	What is the NPV?