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Quad Enterprises is considering a new three-year expansionproject that requires an initial fixed asset investment of $2.94million. The fixed asset will be depreciated straight-line to zeroover its three-year tax life, after which time it will beworthless. The project is estimated to generate $2057308 in annualsales, with costs of $823420. If the tax rate is 32 percent and therequired return on the project is 11 percent, what is the project'sNPV? (Negative amount should be indicated by a minus sign. Do notround intermediate calculations and round your final answer to thenearest dollar amount. Omit the "$" sign and commas in yourresponse. For example, $123,456.78 should be entered as123457.)
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