Esfandairi Enterprises is considering a new $3-$year expansion project that requires an

initial fixed asset investment of $$2\mathrm{.}34$ million. The fixed asset will be depreciated straight$-$

line to zero over its $3-$year tax life, after which time it will be worthless. The project is

estimated to generate $$1,740,000$ in annual sales, with costs of $$650,000.$ The tax rate is

$21$ percent and the required return is $11$ percent. What is the project's NPV$?($Do not

round intermediate calculations and enter your answer in dollars, not millions of

dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

Answer is complete but not entirely correct.