Question 3 3 points Save Anne Use the same information given below for following 3 questions. (Q2-04) Keene, Inc. is considering a new four-year expansion project that requires an initial fixed asset investment of $3.0 million. The fixed asset will be depreciated using on a straight-line basis to zero over its four year life. The fixed asset will have a market value of $350,000 at the end of the project. The project requires an initial investment in net working capital of $325,000. The working capital will be recovered at the end of the project's life. The project is estimated to generate $2,250,000 in annual sales, with costs of $750,000. The tax rate is 40 percent Q3. Calculate the total free cash flows (CF) on this project in year 1. O 51,525,000 $1,500,000 5875,000 5585,000 51,200,000