Score This Question 10. value 6.66 points Problem 10-11 Calculating Project Cash Flow from Assets [LO1] Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset lovestment of $2.4 million. The fixed asset will be depreciated straight-line to zero over its three-year tax iste, after which time it will be worthless. The project is estimated to generate $1,980,000 in annual sales, with costs of $675,000. The project requires an initial investment in net working capital of $200,000, and the fixed asset will have a market value of $310,000 at the end of the project. If the tax rate is 34 percent, what is the project's Year O net cash flow? Year 1? Year 27 Year 3? (Do not round Intermediate calculations. Enter your answers in dollars, not millions of dollars, .g. 1,234,567. Negative amounts should be indicated by a minus sign.) Years Cash Flow Year Year 1 Year 2 Year 3 $ s If the required return is 18 percent, what is the project's NPV? (Do not found intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) NPV References eBook & Resources Worksheet Difficulty: Basic Problem 10-11 Calculating Project Cash Flow from Assets (L01) Leaming Objective: 10-01 How to determine the relevant cash flows for a proposed project