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Esfandairi Enterprises is considering a new thiree-year expansion project that requires an initial fixed asset investment of $2.400.000. The fixed asset will be depreclated straight-fine

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Esfandairi Enterprises is considering a new thiree-year expansion project that requires an initial fixed asset investment of $2.400.000. The fixed asset will be depreclated straight-fine to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $3,250,000 in annual sales, with costs of $2,270,000. Assume the tax rate is 22 percent and the required refurn on the project is 10 percent. What is the project's NPV? Note: A negotive answer should be indicated by a minus sign. Do not round intermediate calculations ond round your answer to 2 decimal places, e.9., 32.16

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