DO C. $ ork mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Quad Enterprises is considering a new three-year expansion project that requires ar initial fixed asset investment of $2.3 million. The fixed asset will be depreciated straight line to zero over its three-year tax life. The project is estimated to generate $1,720,000 ir annual sales, with costs of $630,000. The project requires an initial investment in net working capital of $270,000, and the fixed asset will have a market value of $210,000 at the end of the project. a. If the tax rate is 22 percent, what is the project's Year Onet cash flow? Year 12 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 10 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Year 0 cash flow Year 1 cash flow Year 2 cash flow Year 3 cash flow NPV $ $ $ $ $ 2,064,000 851,760 1,076,677 1,397,993 297.793.96 b. tv