Chapter 10 Homeworki Saved You skipped this question in the previous attempt. Quad Enterprises is considering initial fixed asset investment of $2.29 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $1,810,000 in annual sales, with costs of $720,000. The project requires an initial investment in net working capital of $450,000, and the fixed asset will have a market value of $480,000 at the end of the project. a new three-year expansion project that requires an 10 points a. If the tax rate is 25 percent, what is the project's Year 0 net cash flow? Year 1? Year 2? Year 3? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. A negative answer should be indicated by a minus sign.) b. If the required return is 12 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Print References Year 0 cash flow a Year 1 cash flow Year 2 cash flow Year 3 cash flow b. NPV Graw ratice # $ % & 2 3 4 5 6 7 Q W R