Esfandiari Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}97$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,170,000$ in annual sales, with costs of $$865,000.$ The tax rate is $24$ percent and the required return is $9$ percent. What is the project$$s NPV$?$Esfandiari Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}97$ 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 $$2,170,000$ in annual sales, with costs of $$865,000.$ The tax rate is $24$ percent and the required return is $9$

percent. What is the project's NPV$?$

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

NPV