Down Under Boomerang, Inc., is considering a new three$-$year expansion project that

requires an initial fixed asset investment of $$2\mathrm{.}88$ 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 $$2,140,000$ in annual sales, with costs of

$$835,000.$ The tax rate is $21$ percent and the required return is $10$ percent. What is the

project's NPV$?($Do not round intermediate calculations and round your answer to $2$

decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV

$$,2,061,775\mathrm{.}98$