Dyrdek Enterprises has equity with a market value of $14.6 million and the market value of debt is $10.1 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 2.2 percent. The new project will cost $2.03 million today and provide annual cash flows of $617,200 for the next 7 years. The company's cost of equity is 9.18 percent and the pretax cost of debt is 4.72 percent. The tax rate is 21 percent. What is the project's NPV?

NPV = $