what is the project's NPV

Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.85million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,130,000 in annual sales, with costs of $825,000. The project requires an initial investment in net working capital of $350,000, and the foxed asset will have a market value of $235,000 at the end of the project. a. If the tax rate is 25 percent, what is the project's Year 0 net cash flow? Year 1? Year 2 ? Year 3 ? (A negative answer should be indicated by a minus sign. Do not round intermediate caiculations and enter your answers in dollars, not millions of dollars, e.9-1,234,567.) b. If the required return is 11 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.9. 32.16.) (x) Answer is complete but not entirely correct