7. Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.700 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $210,000. The project requires an initial investment in net working capital of $300,000. The project is estimated to generate $2,400,000 in annual sales, with costs of $960,000. The tax rate is 34 percent and the required return on the project is 15 percent. The NPV for this project is $. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. (e.g., 32.16))