A firm is considering a 3-year expansion project that requires an initial fixed investment of $1,500. The fixed asset will be depreciated straight-line to zero over its year life, after which time it will be worthless. The project is estimated to generate $1,750 in annual sales with annual cost of goods sold of $575. The tax rate is 35%. Find the cash flow from assets in year 2 for the project

the answer is 938.75

I want to know how he get this answer