Down Under Boomerang, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.29 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which it will be worthless. The project is estimated to generate $1,810,000 in annual sales, with costs of $720,000. The tax rate is 25 percent and the required return is 13 percent. What is the projects NPV? (Do not round intermediate calculations and enter your answer in dollars

, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)