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Quad Enterprises is considering a new three-year expansion project that requires an initial foved asset investment of $2.9 million. 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 $2,190,000 in annual sales, with costs of $815,000. The tax rate is 21 percent. If the required return is 12 percent, what is the project's NPV? $ $ $ Asset investment Estimated annual sales Costs Tax rate Project and asset life Required return 2,900,000 2.190,000 815,000 21% 3 12% Complete the following analysis. Do not hard code values in your calculations. Sales Costs Depreciation Taxes Net income OCF NPV