Boomerang Enterprises is considering a new product that complements its existing business. The machine required for the project will cost $2.2M today. The company forecasts sales of $1.1M for each of the next 4 years, after which the project will end and the machine can be sold for $80,000. The machine will be depreciated down to zero over its four year life using the straight-line method (ignore the half year convention and bonus depreciation). Costs related to the project are predicted to be 30% of sales. Boomerang will need to invest $150,000 in net working capital immediately; this amount will be recovered in full at the end of the project's life. If the corporate tax rate is 20% and the required return for Boomerang is 10%, what is the project NPV?