Problem $10-10$ Calculating Project NPV $[$LO$1]$

Chsuhan Enterpeises is considering a new three$-$year expansion project that requires an initial freed asset investment of $$2\mathrm{.}41$ milion. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax ife, after which firme it will be worthless. The project is estimated to generate $$1,775,000$ in annual sales, with costs of $$685,000.$ The tax rate is $23$ perceen and the reqitred return on the project is to percent. What is the project's NPV$?$

Note: Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to $2$ decimal places, e$\mathrm{.}9.,1,234,567\mathrm{.}89.$

NPV