Domenghini Inc. is considering a proposal to enter a new line of business. In reviewing the proposal, the companys CFO is considering the following facts: The new business will require the company to purchase additional fixed assets that will cost $600,000 at t = 0. For tax and accounting purposes, these costs will be depreciated on a straight-line basis over three years. At the end of three years, the company will get out of the business and will sell the fixed assets at a salvage value of $100,000. The project will require a $50,000 increase in net operating working capital at t = 0. The companys marginal tax rate is 35 percent. The new business is expected to generate $2 million in sales each year (at t = 1, 2, and 3). The operating costs excluding depreciation are expected to be $1.4 million per year. The projects cost of capital is 12 percent. What is the projects net present value (NPV)?