You are evaluating a project for The Ultimate recreational tennis racket, guaranteed to correct that wimpy backhand. You estimate the sales price of The Ultimate to be $460 per unit and sales volume to be 1,100 units in year 1; 1,256 units in year 2; and 1,331 units in year 3. The project has a three-year life. Variable costs amount to $230 per unit and fixed costs are $100,600 per year. The project requires an initial investment of $170,000 in assets, which will be depreciated straight-line to zero over the three-year project life. The actual market value of these assets at the end of year 3 is expected to be $35,900. NWC requirements at the beginning of each year will be approximately 20 percent of the projected sales during the coming year. The tax rate is 34 percent and the required return on the project is 10 percent.

Required:

What will the cash flows for this project be? (Round your answers to 2 decimal places. Negative amount should be indicated by a minus sign. Omit the "tiny_mce_markerquot; sign in your response)

Total cash flow

Year 0 $

Year 1 $

Year 2 $

Year 3 $