Chips Inc. has come up with a new product. Chips paid $115,214 for a marketing survey to determine the viability of the product. It is felt that the product will generate sales of $728,888 per year. The fixed costs associated with this will be $192,905 per year, and variable costs will amount to 26 percent of sales. The equipment necessary for production of the product will cost $834,006 and will be depreciated in a straight-line manner for the four years of the product life. This is the only initial cost for the production. Chips is in a 38 percent tax bracket and has a required return of 14 percent. Calculate the NPV. Answer in $ to two decimals.