1. value: 10.00 points Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $5.3 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 35 percent and the required return on the project is 18 percent. (Do not round your intermediate calculations.) Required: (a) What is the project's year 0 net cash flow? -5,894,000 4 (b) What is the project's year 1 net cash flow? 2,471,552 - (c) What is the project's year 2 net cash flow? 2,677,828 A (d) What is the project's year 3 net cash flow? 3,129,731 (e) What is the NPV? (Click to select)