Calculating NPV - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri Paste A, Alignment Number Conditional Format as Cell Cells Editing Formatting Table" Styles Clipboard A1 Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. The project requires an initial investment in net working capital of $300,000, and the fixed asset will have a market value of $210,000 at the end of the project. What is the project's Year 0 net cash flow? Year 1? Year 2 Year 3? The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? Asset investment Estimated annual sales Costs Net working capital Pretax salvage value Tax rate Project and asset life Required return S 2,900,000 2,190,000 815,000 300,000 210,000 21% $ 10 13 12% 16Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV 17 18 19 20 Aftertax salvage value Sell equipment Taxes Aftertax cash flow ..S Sheet t READY +41 Calculating NPV - Excel HOMEINSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial Paste AAlignment Number Conditional Format as Cel Cells Editing Formatting Table Styles- Clipboard Font F23 A B 15 Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV 17 18 Aftertax salvage value Sell equipment Taxes 20 Aftertax cash flow Sales Costs Depreciation EBT Taxes Net income 23 25 26 27 28 29 30 31 32 Capital spending Net working capital OCF Net cash flow 35 36 37 38 39 NPV ..S Sheet1 | READY