A company is considering a 8-year project. The project is expected to generate cash inflows in the amount $375,000 at the end of each of the 8 years. At the begininng of the project, a $2,000,000 intial cash outflow would be required. What is this project's NPV assuming the company requires a 8% return on investment?

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.