Company FIN3610-ETRA just launched a new project. The required return is 11% The project will last for 3 years. Every year, the revenues generated from the project will be $1785,000, and the costs from the project will be $680,000. The initial investment on this project is equal to $2.31 million, which will follow the three-year MACRS depreciation schedule (MACRS schedule). The salvage value will be $405,000. In addition, the project requires an initial $400,000 investment in net working capital If the tax rate is 25%, what is the NPV of this project? (Do not round intermediate calculations and enter your answer in dollars, not milions of dollars, rounded to two decimal places, e.g., 1,234,567.89.) NPV