Problem $10-10$ Calculating Project NPV $[$LO$1]$

Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}31$ million. The fixed asset will be depreciated straightline to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$1,770,000$ in annual sales, with costs of $$680,000.$ The tax rate is $22$ percent and the required return on the project is $13$ 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$.,1,234,567\mathrm{.}89.)$

Answer is complete but not entirely correct.

$\backslash$table$[[$NPV $,$$$50,070\mathrm{.}62Q$