A company is considering a 5-year project that would require an intial cash outflow in the amount of $2,000,000 at the beginning of project (i.e. t=0). The project has expected cash inflows in the amount of $600,000 at the end of each of the 5 years. The company requires a 12% return on investment. What is the NPV for this project?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.