Question: value: 5.00 points Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.156 million. The fixed

 value: 5.00 points Summer Tyme, Inc., is considering a new 3-year

value: 5.00 points Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.156 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $478,800. The project requires an initial investment in net working capital of $684,000. The project is estimated to generate $5,472,000 in annual sales, with costs of $2,188,800. The tax rate is 31 percent and the required return on the project is 14 percent. Required (a) What is the project's year 0 net cash flow? (Click to select) (b)What is the project's year 1 net cash flow? (Click to select) (c) What is the project's year 2 net cash flow? (Click to select) (Click to select) (Click to select) (d) What is the project's year 3 net cash flow? (e) What is the NPV

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