The expansion also requires an initial investment in net working capital of $564,000, but this investment will be recovered at the end of the project's life. The project is estimated to generate $4,512,000 in annual sales, with costs of $1,804,800. The tax rate is 33 percent and the required return on the project is 13 percent. What is the project's start-up cost, the year 0 cash flow from assets? Hint this typically Required: (a) doesn't include OCF. (b) What is the project's year 1 cash flow from assets? (c) What is the project's year 2 cash flow from assets? (d) What is the project's year 3 cash flow from assets? (e) What is the NPV? Winter Tyme, Inc., produces coats and jackets for the Seattle market. The company is considering a new 3-year expansion project into the Portland market. The expansion requires an initial investment of $5.076 million in new plant and equipment. These assets will be depreciated straight-line to zero over its 3-year tax life, after which time the assets can be sold for $394,800. The expansion also requires an initial investment in net working capital of $564,000, but this investment will be recovered at the end of the project's life. The project is estimated to generate $4,512,000 in annual sales, with costs of $1,804,800. The tax rate is 33 percent and the required return on the project is 13 percent. Required: (c) What is the project's start-up co the year 0 cash flow from assets? Hint this typically besn't include OCF. (b) What is the proiect's year 1 cash flow from assets? (c) What is the prolect's year 2 cash flow from aisets? (d) What is the orolect's year 3 cash flow from assets