Halloween Costumes Unlimited is considering a new $3-$year store expansion project that requires an initial fixed asset investment of $$5\mathrm{.}3$ million. The fixed asset falls into the $3$year MACRS class $($MACRS Table$)$ and will have a market value of $$415,800$ after $3$ years. The project requires an initial investment in net working capital of $$594,000.$ The project is estimated to generate $$4,752,000$ in annual sales, with costs of $$1,900,800.$ The tax rate is $32$ percent and the required return on the project is $14$ percent. $($Do not round your intermediate calculations.$)$

Required:

$($a$)$What is the project's year $0$ net cash flow?

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$($b$)$What is the project's year $1$ net cash flow?

$($c$)$ What is the project's year $2$ net cash flow?

$($d$)$What is the project's year $3$ net cash flow?

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$($e$)$What is the NPV$?$

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Fun With Finance is considering a new $3-$year expansion project that requires an initial fixed asset investment of $$1\mathrm{.}674$ million. The fixed asset will be depreciated straight$-$line to zero over its $3-$year tax life, after which time it will have a market value of $$130,200.$ The project requires an initial investment in net working capital of $$186,000.$ The project is estimated to generate $$1,488,000$ in annual sales, with costs of $$595,200.$ 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?

$($b$)$What is the project's year $1$ net cash flow?

$($c$)$ What is the project's year $2$ net cash flow?

$($d$)$What is the project's year $3$ net cash flow?

$($e$)$What is the NPV$?$