Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}34$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$1,740,000$ in annual sales, with costs of $$650,000.$ The tax rate is $21$ percent and the required return on the project is $11$ percent. What is the project$$s NPV$?$