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Esfandain Enterprises is considering a new three-yeat expansion project that requires an initial foxed asset investment or $2,300,000 The fixed asset will be depreciated straight-line

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Esfandain Enterprises is considering a new three-yeat expansion project that requires an initial foxed asset investment or $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 generate $2,410,000 in annual sales, with costs of $1,430,000. Assume the tax rate is 23 percent and the required return on the project is 12 percent. What is the project's NPV? Note: A negotive answer should be indicated by o minus sign. Do not round intermediate calculotions and round your answer to 2 decimal ploces, e.9., 32.16

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