Dyrdek Enterprises has equity with a market value of $12.1 million and the market value of debt is $4.20 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 1.7 percent. The new project will cost $2.46 million today and provide annual cash flows of $641,000 for the next 6 years. The company's cost of equity is 11.59 percent and the pretax cost of debt is 5.01 percent. The tax rate is 35 percent. What is the project's NPV?