httpe/ ? c e week 12,Ch10 e Edit View Favonites Tools Help ? hm2 G Google YouTube n'Jusu?add??1n?Haw?@hotmail () Robert Blackboard Bank N N connect FINANCE Week 12 Ch10 Question 2 (of 3 25.00 points Problem 10-10 Calculating Project NPV [LO1 Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.97 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 35 percent and the required return on the project is 9 percent. What is the project's NPV? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Hints References Book & Resources Hint 1