Saved k (100 Points) i X 5 Calculating NPV - Excel IN - 5 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In in X Calibri 11 % AA Paste Cells B I U Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard 2 Font A1 A B D E F G H 1 2 3 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. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. The project requires an initial investment in net working capital of $300,000, and the fixed asset will have a market value of $210,000 at the end of the project. What is the project's Year O net cash ow? Year 1? Year 2? Year 3? The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? 4 5 + un - 6 7 $ $ $ 8 9 D Asset investment Estimated annual sales Costs Net working capital Pretax salvage value Tax rate Project and asset life Required return 2,900,000 2,190,000 815,000 300,000 210,000 21% 3 12% 10 $ 11 12 13 14 15 16 Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to calculate the NPV Sheet1 3 READY El + 100% Attempt(s)