Question: please show formulas for excel Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million. The

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 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? Sell equipment \begin{tabular}{|l|} \hline D \\ \hline \end{tabular} EF G Taxes Aftertax cash flow Sales Costs Depreciation EBT. Taxes Net income Capital spending Net working capital OCF Net cash flow NPV
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