Esfandairi enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2. 18 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. 645 million in annual sales, with costs of $610,000. the tax rate is 21 percent. if the required return is 12 percent, what is the project's npv?