After a lengthy meeting with the marketing team about a new product being introduced, your boss asks you to look into the project. The marketing team is estimating a 15 year market with a first year profit of $250,000 (annuity). That amount is expected to grow by an additional $25,000 (gradient) each year through year 5, level off at year fives amount through year 10, then decrease by $15,000 per year (decreasing gradient) through year 15. You determine that the initial cost of the production system will be $1,200,000. What is the PW of this project if the MARR is 20%?