QUESTION 24 Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.55 million. The fixed asset falls into the three-year MACRS class. The project is estimated to generate $2,030,000 in annual sales, with costs of $735,000. The project requires an initial investment in net working capital of $250,000, and the fixed asset will have a market value of $285,000 at the end of the project. Company follows MACRS schedule: Year 1, 33.33%, Year 2, 44.45%, year 3, 14.81% If the required return is 15 percent, what is the project's NPV