Dickinson Brothers Inc. is considering investing in a machine for producing computer keyboards. The price of the Machine will be $1,300,000 and its economic life 5 years. The machine will be fully depreciated by straight-line method. The machine will produce 25,000 units of keyboards each year. The price of the keyboard will be $47 in the first year, and it will increase by 4% per year. The production cost per unit of the keyboard will be $17 in the first year, and it will increase at 5% per year. The project will have an annual fixed cost of $245,000 and require an immediate investment of $210,000 in net working capital. The corporate tax rate is for the company 22%. The appropriate discount rate is 9%.

What is the NPV of the investment? (Do not intermediate calculations and round your answer to 2 decimals places).

$1,386,918.00 is incorrect