Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,610,000. The fixed asset falls into the three-year MACRS class (MACRS Table). The project is estimated to generate $2,320,000 in annual sales, with costs of $1,310,000. The project requires an initial investment in net working capital of $167,000, and the fixed asset will have a market value of $192,000 at the end of the project. Assume that the tax rate is 40 percent and the required return on the project is 6 percent. Requirement 1: What is the net cash flow of the project for the following years?