Question: please solve with one single formula. show also the formula used pls Quad Enterprises is considering a new three-year expansion project that requires an initial

please solve with one single formula. show also the formula used pls
please solve with one single formula. show also the formula used pls
Quad Enterprises is considering a new three-year expansion project that requires an

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? Asset investment Estimated annual sales Costs Tax rate Project and asset life $ $ $ 2,900,000 2,190,000 815,000 21% 3 $ $ Estimated annual sales Costs Tax rate Project and asset life Required return 2,190,000 815,000 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

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