Please put the formula you used in getting your answer.

A B D F G H 2 0/20 points awarded 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. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. The project requires 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 O 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? Scored 4 eBook 6 Ask 7 8 $ $ $ $ $ Print 9 Asset investment Estimated annual sales Costs Net working capital Pretax salvage value Tax rate Project and asset life Required return References 2,900,000 2,190,000 815,000 300,000 210,000 21% 3 12% 10 11 12 13 14 15 16 Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV. 17 Sheet1 + READY 100% Step 1 of 1 Previous Next Calle bibliobited in redhave been filed automatically they are partiallottamated Taft blank incorrect PARDODGAR Lor Excel Assignment i Submitted 18.52/10 B D E F H 16 2 Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV. 17 18 19 X =D7 Aftertax salvage value Sell equipment Taxes Aftertax cash flow 20 0/20 points awarded 21 X 22 Scored 23 24 X 25 eBook Sales Costs Depreciation EBT Taxes Net income X X X X x XXXXXX 26 X X Ask 27 KKKKKKKKK 28 Print 29 References 30 X X 31 Capital spending Net working capital OCF Net cash flow 32 33 34 X X X X NPV 35 36 37 Sheet1 + READY 100% Step 1 of 1 Previous Next Cells highlighted in red have been filled automatically as they are partially attempted, left blank, incorrect responses (or attempts exhausted). Cells highlighted in green are the correct responses. Mc Graw