Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not 13 1.66 points Down Under Boomerang, Inc, is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.29 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which it will be worthless The project is estimated to generate $1.810,000 in annual sales, with costs of $720,000 The tax rate is 25 percent and the required return is 13 percent. What is the project's NPV? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g. 1,234,567.89.) Answer is complete but not entirely correct. NPV IS 258,388.53