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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.38 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.38 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life and is estimated to have a market value of $222,137 at the end of the project. The project is estimated to generate $2,102,558 in annual sales, with costs of $829,343. The project requires an initial investment in net working capital of $362,517. If the tax rate is 37 percent and the required return on the project is 10 percent, what is the project's NPV? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to the nearest dollar amount. Omit the "\$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)

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