Down Under Boomerang, Inc. is considering a new three-year expansion project that requires an initial fixed investment of $1.4 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 $1,120,000 in annual sales, with variable costs of $480,000. The effective corporate tax rate is 35% and the required return is 12%. Given this information, calculate the NPV.