EXCEL FORMAT ONLY (EXAMPLE =D4+B6) NO VALUES THANK U!

? X 33 FILE - Sign In Calculating NPV - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri -11 A A = % D D B IU- - A Alignment Number Conditional Format as Cell Formatting Table Styles Font Styles D M Cells Editing oints Paste Clipboard Skipped A1 C D E F G H eBook Print 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 on a three-year MACRS schedule. 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? References Asset investment Estimated annual sales $ Costs Net working capital Pretax salvage value $ Tax rate Project and asset life Required return MACRS percentages Year 1 Year 2 Year 3 2,900,000 2,190,000 815,000 300,000 210,000 21% 12% 0.3333 0.4445 0.1481 A3 33 D 21% 12% 10 Tax rate Project and asset life Required return MACRS percentages Year 1 Year 2 Year 3 points Skipped 0.3333 0.4445 0.1481 eBook Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV. Print References Sales Costs Depreciation EBT Taxes Net income Fixed asset book value in three years 32 Aftertax salvage value ... Sheet1 ... + READY Attemntis) @ U -- + 100% A3 fic 10 points 22 Sales Costs Depreciation EBT Taxes Net income Skipped 29 Fixed asset book value in three years eBook 32 Print Aftertax salvage value Sell equipment Taxes Aftertax cash flow References Capital spending 38 Net working capital 39 OCH Net cash flow 42 NPV ... Sheet1 ... + @ 0 + READY Attempt(s) 100% Hint