GAM Capital is considering a new three$-$year expansion project that requires an

initial fixed asset investment of $$2,350,000.$ 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 $$2,290,000$ in annual sales, with costs of

$$1,310,000.$ Assume the tax rate is $21$ percent and the required return on the project

is $10$ 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$.,32\mathrm{.}16.$