Apple Inc. is considering an investment in a new project. The project requires an initial investment of $1,000,000 and is expected to generate the following cash flows:

Year	Cash Flow ($)
1	$300,000
2	$400,000
3	$500,000
4	$600,000
5	$700,000

If the discount rate is 10%, calculate the net present value (NPV) of the project.