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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-tine

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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-tine 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 tox rate is 23 percent and the required return on the project is 12 percent. Whot is the project's NPV? Note: A negative answer should be indicated by a minus sign. Do not round intermedlate calculations and round your answer to 2 decimal places, e.9., 32.16

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