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 S2.91 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 $2,150,000 in annual sales with costs of $845000. The tax rate is 30 percent and the required return on the project is 11 percent What is the projects NPV? (Enter your answer in dollars, not millions of dollars, e.g. 1.2 34,567. Do not round intermedijt te calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV