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Down Under Boomerang. Inc, is considering a new 3 year expansion project that requites an initiol fixed asset investment of 5237 milion. The fixed asset

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Down Under Boomerang. Inc, is considering a new 3 year expansion project that requites an initiol fixed asset investment of 5237 milion. The fixed asset will be deptecioted straighttine to zero over its 3year tax ate, after which it will be worthless. The project is estimated to generate 51755,000 in annual sales, with costs of $665,000 The tak rate is 24 percent and the required retum is to percent. What is the project's NPV (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, tounded to 2 decimal places, e.9- 1.234,567.89 )

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