Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.79 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which it will be worthless. The project is estimated to generate $2,110,000 in annual sales, with costs of $805,000. The tax rate is 35 percent and the required return is 12 percent. What is the projects NPV?

Please show work! (I'm having a hard time using the financial calculator to get the NPV, so I need to see the formula written out to understand how to get to my answers. Thanks in advance!