Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.97 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,209,946 in annual sales, with costs of $856,923. If the tax rate is 37 percent and the required return on the project is 10 percent, what is the project's NPV?