A company is considering a 12-year project that would require a $1,000,000 intial cash outflow at the beginning (i.e. t=0). The project is expected to generate cash inflows in the amount $150,000 at the end of each of the 12 years. If the company requires a 10% return on investment, what is this project's NPV?

Round the final answer to 2 decimal places.