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 $$2,410,000$ in annual sales, with costs of $$1,430,000.$ Assume the tax rate is $23$

percent and the required return on the project is $12$ 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$.,32\mathrm{.}16.$