Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 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 $1.645 million in annual sales, with costs of $610,000. The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV

Asset investment	$2,180,000
Estimated annual sales	$1,645,000
Costs	$610,000
Tax rate	21%
Project and asset life	3
Required return	12%

(Use cells A6 to B10 from the given information to complete this question.)
Output area:
Sales	$0
Costs	$610,000
Depreciation	203,333
EBT	#VALUE!
Taxes
Net income
OCF
NPV