please include excel formulas

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 straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? S Asset investment Estimated annual sales Costs Tax rate Project and asset life Required return 2.900.000 2 190,000 815,000 21% 3 12% Complete the following analysis. Do not hard code values in your calculations. X fax B C F G G H 1 $ Costs Tax rate Project and asset life Required return D E 815,000 21% 3 12% Complete the following analysis. Do not hard code values in your calculations. $ Sales Costs Depreciation EBT Taxes Net income 2,190,000 815,000 966,667 408,333 85,750 322,583 + $ $ OCF $ 1,289,250 NPV A five-year project has an initial fixed asset investment of $290,000, an initial NWC investment of $25,000, and an annual OCF of -$35,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 11 percent, what is this project's equivalent annual cost, or EAC? Initial fixed asset investment $ Initial NWC investment $ Annual OCF $ Required return *Depreciation staight-line over life 400 290,000 25,000 (35,000) 11% 5 5 Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel functions to answer this question.