Quad Enterprises is considering a new three$-$year expansion

project that requires an initial fixed asset investment of $$2\mathrm{.}18$

million. The fixed asset will be depreciated straight$-$line to zero

over its three$-$year tax life. The project is estimated to generate

$$1,730,000$ in annual sales, with costs of $$640,000.$ The project

requires an initial investment in net working capital of $$290,000,$

and the fixed asset will have a market value of $$240,000$ at the end

of the project.$$If the required return is $12$ percent, what is the project's

NPV$?($Do not round intermediate calculations and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$