Hubrey Home Inc. is considering a new three-year expansion project that requires an initial fixed asset investment of $3

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Hubrey Home Inc. is considering a new three-year expansion
project that requires an initial fixed asset investment of $3.9
million. The fixed asset falls into Class 10 for tax purposes (CCA
rate of 30% per year), and at the end of the three years can be
sold for a salvage value equal to its UCC. The project is estimated
to generate $2,650,000 in annual sales, with costs of $840,000. The
tax rate is 35% and the required return on the project is 12%. What
is the project's NPV? (Enter the answer in dollars. Do
not round your intermediate calculations. Round the final answer to
2 decimal places. Omit $ sign in your response.)
NPV
$