Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$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 $$3,070,000$ in annual sales, with costs of $$2,090,000.$ Assume the tax rate is $24$ percent and the required return

on the project is $11$ percent. What is the project's NPV$?$

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$

decimal places, e$.$g$.,32\mathrm{.}16.$