Question: Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.39 million. The fixed asset will be depreciated

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.39 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life and is estimated to have a market value of $214767 at the end of the project. The project is estimated to generate $2107871 in annual sales, with costs of $887327. The project requires an initial investment in net working capital of $399428. If the tax rate is 31 percent and the required return on the project is 12 percent, what is the project's NPV? Round final answer to the nearest dollar amount.

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