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uad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.45 million. The fixed asset will be depreciated

uad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.45 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 $264,623 at the end of the project. The project is estimated to generate $2,161,299 in annual sales, with costs of $816,399. The project requires an initial investment in net working capital of $392,769. If the tax rate is 34 percent and the required return on the project is 11 percent, what is the project's NPV

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