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Esfandairi Enterprises is considering a new three-year expansion project that requires on initial fixed asset investment of $2,410,000. The flxed asset will be depreciated straight-line

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Esfandairi Enterprises is considering a new three-year expansion project that requires on initial fixed asset investment of $2,410,000. The flxed 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 $2,710,000 in annual sales, with costs of $1,730,000. Assume the tax rate is 23 percent and the required refurn on the project is 9 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., 32.16

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