Quiz - Ch10-Q11b-Calculating Project Cash Flow from Assets [LO1] Started: Apr 25 at 2:26pm Quiz Instructions Question 1 1 pts Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.63 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 $265,695 at the end of the project. The project is estimated to generate $2,239,033 in annual sales, with costs of $891,117. The project requires an initial investment in net working capital of $379,762. If the tax rate is 35 percent and the required return on the project is 10 percent, what is the project's NPV? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)