Dyrdek Enterprises has equity with a market value of $10.3 million and the market value of debt is $3.40 million. The company is evaluating a new project that has more risk than the firm. As a result, the company will apply a risk adjustment factor of 1.1 percent (that is, adding 1.1% to the firm WACC to get the project discount rate). The new project will cost $2.10 million today and provide annual cash flows of $551,000 for the next 6 years. The company's cost of equity is 10.87 percent and the pretax cost of debt is 6.83 percent. The tax rate is 35 percent. What is the project's NPV?

$273,667

$239,782

$458,724

$296,133

$375,321