Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,670,000. 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 $2,340,000 in annual sales, with costs of $1,330,000. The project requires an initial investment in net working capital of $169,000, and the fixed asset will have a market value of $194,000 at the end of the project. Assume that the tax rate is 30 percent and the required return on the project is 6 percent. What are the net cash flows of the project for the years 0, 1, 2, and 3? What is the NPV of the project?