Problem $6-3$ Calculating Project NPV

Esfandairi Enterprises is considering a new $3-$year expansion project that requires an

initial fixed asset investment of $$2\mathrm{.}29$ million. The fixed asset will be depreciated

straight$-$line to zero over its $3-$year tax life, after which time it will be worthless. The

project is estimated to generate $$1,715,000$ in annual sales, with costs of $$625,000.$ The

tax rate is $21$ percent and the required return is $10$ percent. What is the project's NPV$?$

$($Do not round intermediate calculations and enter your answer in dollars, not millions

of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

Answer is complete but not entirely correct.