Phone Home, Inc. is considering a new $5-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}484$ million. The fixed asset will be depreciated straight$-$line to zero over its $5-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,208,000$ in annual sales, with costs of $$883,200.$ The tax rate is $32$ percent and the required return on the project is $11$ percent. What is the net present value for this project?