_{1. Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 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 $1.645 million in annual sales, with costs of $610,000. If the tax rate is 21 percent, what is the OCF for this project?=970,250} ( I do not need this answer since it is given)

(I do need this answer only, please.) 2. Calculating Project NPV :In the previous problem, suppose the required return on the project is 12 percent. What is the project's NPV?

Only solve #2