Question: Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.53 million. The fixed asset will be depreciated

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.53 million. The fixed asset will be depreciated straight-line over its three-year tax life, and the fixed asset will have a market value of $204330 at the end of the project. The project is estimated to generate $2201795 in annual sales, with costs of $882330. The project requires an initial investment in net working capital of $373264. If the tax rate is 31 percent and the required return on the project is 11 percent, what is theproject's Year 0 net cash flow?

do not round intermediate calculations

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