Great Lakes Clinic has been asked to provide exclusive healthcare services for newyear's World Exposition. Although flattered by the request, the clinic's managers wantto conduct a financial analysis of the project. There will be an up-front cost of $160,000to get the clinic in operation. Then, a net cash inflow of $1 million is expected fromoperations in each of the two years of the exposition. However, the clinic has to pay theorganizers of the exposition a fee for the marketing value of the opportunity. This fee,which must be paid at the end of the second year, is $2 million.

Assuming a project cost of capital is 10%, what is the project's NPV?