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Quad Enterprises isconsidering a new three-year expansion project that requires aninitial fixed asset investment of $2.3 million. The fixed assetqualifies for 100 percent bonus depreciation in the first year. Theproject is estimated to generate $1,720,000 in annual sales, withcosts of $628,000. The project requires an initial investment innet working capital of $270,000, and the fixed asset will have amarket value of $210,000 at the end of the project. a.Ifthe tax rate is 22 percent, what is the project’s Year 0 net cashflow? Year 1? Year 2? Year 3? (A negativeanswer should be indicated by a minus sign. Do notround intermediate calculations and enter your answers in dollars,not millions of dollars, e.g., 1,234,567.)b.Ifthe required return is 10 percent, what is the project's NPV?(Do not round intermediate calculations and enter youranswers in dollars, not millions of dollars, rounded to two decimalplaces, e.g., 1,234,567.89.)