Esfandairi Enterprises-is considering a new three-year expansion project that requires an initial fixed asset investment of $2,250,000. The fored asset will be depreciafed straight-line to zero over its three-year tax life, after which time it will be worthless, The project is estimated to penerate $2,350,000 in annual sales, with costs of $1,410,000. Assume the tax rate is 22 percent and the required return on the project is 11 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 declmat places, 0.9.32.16