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Please show formulas in an Excel sheet. Thanks! Quad Enterprises is considering a new three...

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Finance

Please show formulas in an Excel sheet. Thanks!

Quad Enterprises is considering a new three year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset will be depreciated straight line to zero over its three year tax life, after which time it will be worthless. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. If the tax rate is 21 percent. If the required return is 12 percent, what is the projects NPV?image

$ $ $ Asset investment Estimated annual sales Costs Tax rate Project and asset life Required return 2,900,000 2,190,000 815,000 21% 3 12% Complete the following analysis. Do not hard code values in your calculations. Sales Costs Depreciation EBT Taxes Net income OCF NPV

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