1, Here is the question...the problem has already been worked in Chegg, but the concluded answer for NPV (Question B below) is showing up as INCORRECT when I enter it.

2, There are no problems I can find on chegg that address the yearly cash flows to report

3, Please do NOT use EXCEL to work this, it has to be done with a Business Analyst calculator, The key sequences and formulas used will be very helpful for me.

Thank you!!

By the way, this was al

Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.97 million. 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 $2,170,000 in annual sales, with costs of $865,000. The project requires an initial investment in net working capital of $390,000, and the fixed asset will have a market value of $255,000 at the end of the project. a. If the tax rate is 24 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 calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) b. If the required return is 9 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)