Cowboy Oil Company (COC): The company has purchased $4,500,000 worth of equipment that required $500,000 in shipping and installation costs. In addition, the firm's accounts receivable and inventories increased by $1,000,000 and its spontaneous liabilities increased by $600,000. COC's net annual sales revenue is expected to be $8,500,000 at the end of each of the next four years, and total operating costs (fixed and variable costs excluding depreciation) will be $5,300,000. Assume that the firm uses the straight-line depreciation method to depreciate the equipment and the firm's tax rate is 40%. The equipment is expected to have a salvage value of $800,000 at the end of the project's life in four years, and the firm expects all of its investment in net working capital (NWC) to be returned. If its required rate of return is 12%, what is the project's net present value (NPV)?