Esfandalri Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of 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 $3.370,000 in annual sales, with costs of $2,190,000. Assume the tax rate is 24 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., 32.16. Not present value