Quad Enterprises is considering a new $3-$year expansion project that requires an initial fixed asset investment of $$3\mathrm{.}024$ million. The fixed asset will be depreciated straight$-$line to zero over its $3-$year tax life, after which time it will have a market value of $$235,200.$ The project requires an initial investment in net working capital of $$336,000.$ The project is estimated to generate $$2,688,000$ in annual sales, with costs of $$1,075,200.$ The tax rate is $24$ percent and the required return on the project is $15$ percent.