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Esfandain Enterprises is considering a new three-year expansion project that requires an initlal fixed asset investment of $2,400,000. The fixed asset will be depreciated straight-ine

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Esfandain Enterprises is considering a new three-year expansion project that requires an initlal fixed asset investment of $2,400,000. The fixed asset will be depreciated straight-ine to zero over its three-year tax iffe, after which time it will be worthless. The project is estimated to generate $2,530,000 in annual sales, with costs of $1,550,000. Assume the tax rate is 25 percent and the required return on the project is 10 percent. What is the project's NPV? Note: A negative answer should be Indicated by a minus sign. Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g. 32.16

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