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Quad Enterprises is considering a new three-year expansionproject that requires an initial fixed asset investment of $2.56million. The fixed asset will be depreciated straight-line to zeroover its three-year tax life and is estimated to have a marketvalue of $207277 at the end of the project. The project isestimated to generate $2061404 in annual sales, with costs of$815049. The project requires an initial investment in net workingcapital of $369999. If the tax rate is 38 percent and the requiredreturn on the project is 11 percent, what is the project's NPV?(Negative amount should be indicated by a minus sign. Do not roundintermediate calculations and round your final answer to thenearest dollar amount. Omit the "$" sign and commas in yourresponse. For example, $123,456.78 should be entered as123457.)