Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.48 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 $291,925 at the end of the project. The project is estimated to generate $2,094,789 in annual sales, with costs of $826,686. The project requires an initial investment in net working capital of $395,039. If the tax rate is 37 percent and the required return on the project is 10 percent, what is the project's NPV?