Esfandairi Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.38 million. The fixed asset qualifies for 100 percent bonus depreciation. The project is estimated to generate $1,760,000 in annual sales, with costs of $660,000. The project requires an initial investment in net working capital of $350,000, and the fixed asset will have a market value of $330,000 at the end of the project