Chips Inc. has come up with a new product. Chips paid $130,688 for a marketing survey to determine the viability of the product. It is felt that the product will generate sales of $716,511 per year. The fixed costs associated with this will be $189,339 per year, and variable costs will amount to 21 percent of sales. The equipment necessary for production of the product will cost $853,906 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 35 percent tax bracket and has a required return of 15 percent. Calculate the NPV. Answer in $ to two decimals