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Estandain Enterprises is considering a new three-year expansion project that requires an initial ficed asset investment or $2,430,000 The fivad asset will be depreciated straight-line

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Estandain Enterprises is considering a new three-year expansion project that requires an initial ficed asset investment or $2,430,000 The fivad 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 $2,770,000 in annual soles, with costs of $1,790,000. Assume the tax rate is 24 percent and the required return on the project is 10 percent Whot 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.9., 32.16

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