Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.944 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 requires an initial investment in net working capital of $216,000. The project is estimated to generate $1,728,000 in annual sales, with costs of 5691,200. The tax rate is 30 percent and the required return on the project is 12 percent What is the project's NPV? Select one: a $203,813.59 b. $167,199.30 $21,405.45 d. $342,730.32 e. $50,069.06