Gateway Communications is considering a project with an initial fixed assets cost of $1.48 million that will be depreciated straight-line to a zero book value over the 9-year life of the project. At the end of the project the equipment will be sold for an estimated $247,000. The project will not change sales but will reduce operating costs by $413,000 per year. The tax rate is 35 percent and the required return is 12.2 percent. The project will require $55,500 in net working capital, which will be recouped when the project ends. What is the project's NPV