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Please help me solve this problem Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of ( $

Please help me solve this problem

image text in transcribed Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of \\( \\$ 2.37 \\) million. The fixed asset will be depreciated straightline to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate \\( \\$ 1,765,000 \\) in annual sales, with costs of \\( \\$ 675,000 \\). The tax rate is 21 percent and the required return on the project is 12 percent. What is the project's NPV? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.g., 1,234,567.89.)

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