Assume XYZ company is considering a project with initial costs of 6,345,000.00. The project will require working capital 1,300,000.00. The company's tax rate is 35%. The project will have cash flow in the first year of 750,000 and cash flow in years 2 through 5 of 2,300,000.00 per year. Assets will be depreciated to zero over the life of the project and will have a salvage value of 20% of their original value. If the cost of capital is 9% what is the npv?