DM 363 Bu SECTIONS instructions help Chapter 9 Homework Quesnon 6(0[ 6] 6 1000 points Problem 9-10 Calculating Project NPV ILO 2 t investment of 2,550,000 The fxed asset wil be depreciated straight-Ine to zero over its three-year tax life, after which tme it well be worthless The H Cochran, Inc, is considering a new three-year expansion project that requires an initial toxed asset project is estmated to generate $2,300,000 n annual sales, with costs of $1.290,000 Assume the tax rale is 35 percent and the requred return on the project is 7 percent What is the projects NPV? IA negative answer should be indicated by a minus sign Enter your answer in dollars, n 32.16.) ot millions of dollars, e g 1,234 567. Do not round intermediate calculations and round your answer to 2 decimal places, c.o Net present value $ References eBook & Resources Worksheet ng Objective.09-02 Analyze a projacts projected Problem 9-10 Calculating Project NPV LO 21 cash flows 2/8/2017