w Assets [LO1] trom d: Nov 17 at 3:54pm iz Instructions Question 1 1 pts Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.32 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 $288079 at the end of the project. The project is estimated to generate $2159178 in annual sales, with costs of $884982. The project requires an initial investment in net working capital of $378185. If the tax rate is 30 percent and the required return on the project is 11 percent, what is the project's NPV? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to the nearest dollar amount. Omit the "$ sign and commas in your response. For example, $123,456.78 should be entered as 123457.) 5:33 PM ,dv) 11/18/2018