use the built-in Excel function to calculate the NPV. 17 Aftertax salvage value Sell equipment $210,000 Taxes Aftertax cash flow Sales Costs Depreciation EBT Taxes Net income \begin{tabular}{lrlrlr} $ & 2,190,000 & $ & 2,190,000 & $ & 2,190,000 \\ & 815,000 & & 815,000 & & 815,000 \\ & 966,667 & & 966,667 & & 966,667 \\ \hline$ & 408,333 & $ & 408,333 & $ & 408,333 \\ & 85,750 & & 85,750 & & 85,750 \\ \hline$ & 322,583 & $ & 322,583 & $ & 322,583 \end{tabular} Capital spending $(2,900,000) Net working capital (300,000) OCF Net cash flow $(3,200,000) \begin{tabular}{lrrrr} $ & 1,289,250 & $ & 1,289,250 & 1,289,250 \\ \hline$ & 1,289,250 & $ & 1,289,250 & \end{tabular} NPV 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 0 net cash flow? 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