Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,877,114. have a life of five years, and would produce the cash flows shown in the following table.

Year	Cash Flow
1	$591,267
2	-303,151
3	987,407
4	915,971
5	761,957

What is the NPV if the discount rate is 16.09 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)