ABC company is considering an equipment which will cost $5,000,000 at Time 0 and which can be sold after 5 years for $1,000,000. $500,000 must be invested at Time 0 in inventories and receivables; these funds will be recovered when the operation is closed at the end of Year 5. The facility will produce sales revenues of $2,000,000 per year for 5 years; variable operating costs (excluding depreciation) will be 30 percent of sales; and fixed costs will be 300,000. By an act of Congress, the machine will have depreciation expenses of $1,500,000, $1,000,000, $800,000, 500,000, and 400,000 in Years 1, 2, 3, 4, and 5 respectively. The company has a 40 percent tax rate and a 10 percent cost of capital. What is the project's NPV?