McGraw Hill Excel Question - Saved Search for tools, help, and more (Option + Q) File Home Insert Draw Formulas Data Review View Help Editing v Comments guy Calibri (Body) 11y By dy Av ... Ev ab General $ 80 27V ... A1 ~ X fx Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given F G 22 Output area: 23 24 Year 0 Year 1 Year 2 Year 3 25 Sales $1,645,000 $1,645,000 $1,645,000 26 Costs $610,000 $610,000 $610,000 27 Depreciation 726,667 726,667 726,667 28 EBT $308,333 $308,333 $308,333 29 Taxes 64,750 64,750 64,750 30 Net income $243,583 $243,583 $243,583 31 Fixed asset book value 32 in three years 33 Aftertax salvage value 34 Sell equipment 35 Taxes 36 Aftertax salvage value 37 Capital spending 38 Net working capital 39 OCF 40 Total cash flow 41 NPV 42 43 44 45 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.McGraw Hill Excel Question - Saved Search for tools, help, and more (Option + Q) File Home Insert Draw Formulas Data Review View Help Editing v Comments v Calibri (Body) v 11 By d Av ... v ab v General $ 508 27 V ... A1 X v fx Accessibility tab summary: Students please he infor in below to complete the question completing the required cells. Given F G H Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $1.645 2 million in annual sales, with costs of $610,000. The tax rate is 21 percent and the required return is 12 percent. Suppose the project requires an initial investment in net working capital of $250,000, and the fixed asset will have a market value of $180,000 at the end of the project. What is the project's Year 0 net cash flow? Year 1? Year 2? Year 3? What is the NPV? 3 Input area. Asset investment $2,180,000 Estimated annual sales $1,645,000 8 Costs $610,000 9 Tax rate 21% 10 Required return 12% Initial investment in NWC $250,000 2 Fixed asset value at end $180,000 13 MACRS percentages 14 Year 1 0.3333 15 Year 2 0.4445 16 Year 3 0.1481 17 18 (Use cells A6 to B16 from the given information to complete this question. You must use the 19 built-in Excel function to answer this question. Taxes on the salvage value should be negative for a 20 tax liability and positive for a tax credit.)