Summer Tyme plc is considering a new three-year expansion project that requires an initial non-current asset investment of 3.9 million. The non-current asset actually is depreciated straight line to zero over the three years of the project. The project is estimated to generate 2,650,000 in annual sales, with costs of 835,000.Suppose the required return on the project is 13 per cent, the project requires an initial investment in net working capital of 300,000, the tax rate is 27 per cent and the non-current asset actually is depreciated straight-line to zero over the three years of the project. What is the projects year 1 net cash flow? What is the projects year 2 net cash flow? What is the projects year 3 net cash flow? What is the project`s NPV?

( Should we consider net working capital in net cash flow year 3?