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

Esfandairl Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}31$ million. The fixed asset will be depreciated straightline to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$1,785,000$ in annual sales, with costs of $$695,000.$ The tax rate is $25$ percent and the required return on the project is $12$ percent. What is the project's NPV$?($Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$