Company X is considering a four-year investment project that requires an initial fixed asset investment of 1,620,000. The fixed asset will be depreciated straight-line to zero over its four-year tax life. The company can sell the fixed asset for $140,000 when the project closes. In addition, the project requires an initial investment of $150,000 in net working capital, but it will be fully recovered when the project ends. The project is estimated to generate $2,300,000 in annual sales, with operating costs of $1,500,000. The tax rate is 25%. What is the net present value of the project if the required rate of return is 13.3 percent?