Please show the results using the BA II PLUS calculator if possible.

a) Calculating Project NPV: Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $1.4 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which it will be worthless. The project is estimated to generate $1,120,000 in annual sales, with costs of $480,000. The tax rate is 35% and the required return is 12%. What is the projects NPV?

b) Calculating Project Cash Flow from Assets: In the previous problem, suppose the project requires an initial investment in net working capital of $285,000 and the fixed asset will have a market value $225,000 at the end of the project. What is the projects Year 0 net cash flow? Year 1? Year 2? Year 3? What is the new NPV?