t View History Bookmarks People Window Help Making Capital tion.com/flow/connect.html ingN Netflx- Watch T... EWU Canvas Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does Problem 10-12 NPV and Modified ACRS (LO1 Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.29 milion. The fixed asset falls into the three-year MACRS class (MACRS schedule). The project is estimated to generate $1,810,000 in annual sales, with costs of $700,000. The project requires an initial investment in net working capital of $450,000, and the flxed asset will have a market value of $480,000 at the end of the project a. If the tax rate is 25 percent, what is the project's Year O net cash flow? Year 1? Year 2? Year 3? (A negative answer should be Indicated by a minus sign. Do not round intermediate calculations and enter your answers in dollars, not millions of dollars rounded to two decimal places, e.g., 1,234,567.89.) b. If the required return is 12 percent, what is the project's NPV? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to two decimal places, e.g. 1,234,567.89.) Answer is complete but not entirely correct. a. Year 0 cash flow Year 1 cash flow Year 2 cash flow Year 3 cash flow 2.740,000.00 1,023 314.25 1,006,976.20 1.277 287 25 b. NPV 50,647.92 9