NPV and Modified ACRS. Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.0 million. The fixed asset falls into the 3-year MACRS class (MACRS Table) and will have a market value of $231,000 after 3 years. The project requires an initial investment in net working capital of $330,000. The project is estimated to generate $2,640,000 in annual sales, with costs of $1,056,000. The tax rate is 34 percent and the required return on the project is 16 percent. (Do not round your intermediate calculations.)

What is the project's net year 0 cash flow? Net year 1 cash flow? Net year 2 cash flow? Net year 3 cash flow? What is the NPV?