4. Summer Tyme, Inc., is considering a new 3 - year expansion project that requires an initial fixed asset inves tment of $2.484 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 $193,200. The project requires an initial investment in net working capital of $276,000. The projec t is estimated to generate $2,208,000 in annual sales, with costs of $883,200. The tax rate is 34% and the required return on the project is 14%. (a) what are the projects net cash flows at year 0, 1, 2, and 3, respectively. (b) what is the NPV?