Question: Please use the Excel Formulas for the equations and fill out in similar format or with labels. Thank you! begin{tabular}{|l|l|l|l|l|l|l|l|l|l|} hline A & B &

Please use the Excel Formulas for the equations and fill out in similar format or with labels. Thank you!

Please use the Excel Formulas for the equations and fill out in

\begin{tabular}{|l|l|l|l|l|l|l|l|l|l|} \hline A & B & C & D & E & H \\ \hline \end{tabular} 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 million in annual sales, with costs of $610,000. The tax rate is 21 percent and the required return is 12 percent. Suppose the project requires an initial investment 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 area: \begin{tabular}{|lr|} \hline Asset investment & $2,180,000 \\ Estimated annual sales & $1,645,000 \\ Costs & $610,000 \\ Tax rate & 21% \\ Required return & 12% \\ Project and asset live & 3 \\ 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 salvage value Sell equipment Taxes Aftertax salvage value Year 0 Year 1 Year 2 Year 3 Sales Costs Depreciation EBT Taxes Net income Capital spending Net working capital OCF Total cash flow NPV

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