Consider a project with an initial investment (today, t = 0) of $1,500,000. This project will generate cash flows of $380,500 per year for the next 6 years. The remaining assets from the project will be sold for scrap for $310,000 at the end of Year 6. What is the net present value (NPV) of the project under a 6.75% appropriate discount rate? There are no taxes to consider. Answer in whole numbers, rounded to two decimal places.