Question: Please use excel functions in answer, fill out the table that is at the bottom. Thank You! Esfandairi Enterprises is considering a new three-year expansion

Please use excel functions in answer, fill out the table that is at the bottom. Thank You!

Please use excel functions in answer, fill out the table that is

Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $1.645 millian in annual sales, with casts of $610,000. The tax rate is 21 percent and the required return is 12 percent. Suppose the project requires an initial irvestment in net working capital of $250,000, and the fixed asset will have a market value of $180,000 at the end of the project. What is the project's Year 0 net cash flow? Year 1 ? Year 2 ? Year 3 ? What is the NPV? input areu: \begin{tabular}{|lr|} \hline Asset investment & $2,180,000 \\ Estimated annual sales & $1,645,000 \\ \hline Costs & $610,000 \\ \hline Tax rate & 21% \\ Required return & 12% \\ Project and asset live & 3 \\ \hline Initial investment in NWC & $250,000 \\ Fixed asset value at end & $180,000 \\ \hline \end{tabular} (Use cells A6 to B13 from the given information to complete this question. You must use the built-in Excel function to answer this question. Taxes on the salvage value should be negative for a tax liability and positive for a tax credit.) Output area: Aftertax saluage value Sell equipment Taxes Aftertax salvage value Year 0 Year 1 Year 2 Year 3 Sales Costs $610,000$610,000$610,000 Depreciation EBT Taxes Net income Capital spending Net working capital [$250,000] $250,000 OCF Total cash flow NFV

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