Question: Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.34 million. The fixed asset will be depreciated

 Quad Enterprises is considering a new three-year expansion project that requires

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.34 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 $1,740,000 in annual sales 21 percent and the required return on the project is 11 percent. What is the project's NPV? millions of dollars, and round your answer to 2 decimal places, e.g., 1,2 with costs of $650,000. The tax rate is (Do not round intermediate calculations. Enter your answer in dollars, not 34,567.89.) NPV

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