x Chapter 10- Making Capital connect duration.com/flow/connected Making Capital Investment Decisions Problem 10-12 NPV and Modified ACRS (LO1) Quad Enterprises is considering a new three year expansion project that requires an Initial fod asset investment of $23 million. The foxed asset falls into the three year MACRS class ( MACRS schedulel. The project is estimated to generate $1720,000 in annual sales, with costs of $628,000. The project requires an initial Investment in net working capital of $270,000, and the fixed asset will have a market value of $210,000 at the end of the project a. If the tax rate is 22 percent, what is the project's Year Onet 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, eg 1,234,567.89.) b. the required return is 10 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, ... 1,234,567.89.) a Year cash flow Year 1 cash flow Year 2 cash flow earch