Quad Enterprises is considering a new $3-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}106$ million. The fixed asset will be depreciated straight$-$line to zero over its $3-$year tax life, after which time it will have a market value of $$163,800.$ The project requires an initial investment in net working capital of $$234,000.$ The project is estimated to generate $$1,872,000$ in annual sales, with costs of $$748,800.$ The tax rate is $21$ percent and the required return on the project is $14$ percent.

What is the NPV$?$

$$307,590$

$$(623,770)$

$$1,416,722$

$$322,970$