Assume that your company is considering a new project and has collected the following information about the project. $($Note: You may or may not need to use all of this information, use only the information that is relevant.$)-$ The project has an anticipated economic life of $4$ years $-$ The company will have to purchase a new machine. The machine will have an up$-$front cost of $2$ million at Year $0.$ The machine will be depreciated on a straight$-$line basis over $4$ years $($that is depreciation expense will be $$500000$ in each of Years $1-4).$ The company anticipates that the machine will last for four years, and that after four years, its salvage value will equal zero. $-$ If the company goes ahead with the proposed product, it will have an effect on the company's net operating working capital. At the outset, Year $0,$ inventory will increase by $$140000$ and accounts payable will increase by $$40000.$ At Year $4,$ the net operating working capital will be recovered after the project is completed. $-$ The project is expected to generate sales revenue of $2$ million in Year $1,3$ million in Years $2$ and $3,$ and $2$ million in Year $4.$ Each year the operating costs $($not including depreciation$)$ are expected to equal $50$ percent of sales revenue. $-$ The company's interest expense each year will be $$100000.-$ The new project is expected to reduce the after$-$tax cash flows of the company's existing products by $$250000$ a year $($Years $1-4.-$ The company's overall WACC is $10$ percent. However, the proposed project is riskier than the average project and the project's WACC is estimated to be $11\mathrm{.}5$ percent. $-$ The company's tax rate is $40$ percent. Given this information, determine the net present value of the proposed project. Answer in dollar and cents, with no punctuation. For example, if your answer is $,$ enter