Esfandairi Enterpises is considering a new three-year expansion project that requires an initiai fixed asset investment of $2.18 millon. The fixed asset will be depreciated straight-ine to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1.645 million in annual sales, With costs of $610,000. Assume the tax rate is 21 percent and the required retum on the project is 12 percent. What is the project's NPV? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollors, rounded to 2 decimal places, e.9,1,234,567.89. )