Dyrdek Enterprises has equity with a market value of $11.0 million and the market value of debt is $3.65 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 1.8 percent. The new project will cost $2.24 million today and provide annual cash flows of $586,000 for the next 6 years. The company's cost of equity is 11.15 percent and the pretax cost of debt is 4.90 percent. The tax rate is 39 percent. What is the project's NPV?