Question: Please do all and show work! 19 Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of

Please do all and show work!

Please do all and show work! 19 Summer Tyme, Inc., is considering

19 Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.3 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $491,400 after 3 years. The project requires an initial investment in net working capital of $702,000. The project is estimated to generate $5,616,000 in annual sales, with costs of $2,246,400. The tax rate is 35 percent and the required return on the project is 10 percent. (Do not round your intermediate calculations.) Required: (a)What is the project's year O net cash flow? (Click to select) 5 Oints Skipped (b)What is the project's year 1 net cash flow? (Click to select) eBook Print (c) What is the project's year 2 net cash flow? (Click to select) (d)What is the project's year 3 net cash flow? (Click to select) References (e) What is the NPV? (Click to select)

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