a new three-year expansion project that requires an initial fixed asset investment of $2,300,000. 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 make $2,410,000 in annual sales, with costs of $1,430,000. Assume the tax rate is 23% with required return on the project is 12 %. What is the projects NPV?