Bake-Aroo, famous for its carrot cake, has decided to sell its industrial carrot shredder and create an immediate cash flow of $880. The sale of the equipment will however require that the bakery now manually shred their own carrots at a cost of $250 at the end of each year, beginning in one year, that'll continue for a total of 6 consecutive years. Calculate the NPV of this project given a required rate of return of 12%.