H$.$ Cochran, Inc., is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,460,000.$ The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,270,000$ in annual sales, with costs of $$1,260,000.$ Assume the tax rate is $35$ percent and the required return on the project is $8$ percent.

What is the project's NPV$?($A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e$.$g$.,1,234,567.$ Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Net present value

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