wewewwewDown Under Boomerang, Inc., is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}49$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,010,000$ in annual sales, with costs of $$705,000.$ The tax rate is $22$ percent and the required return is $16$ percent. What is the project$$s NPV$?$Down Under Boomerang, Inc., is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}49$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,010,000$ in annual sales, with costs of $$705,000.$ The tax rate is $22$ percent and the required return is $16$ percent. What is the project$$s NPV$?$