Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscapings cost of capital is 6.42 percent. What is the NPV of a project if the initial costs are $2,288,759 and the project life is estimated as 10 years? The project will produce the same after-tax cash inflows of $674,481 per year at the end of the year.

Round the answer to two decimal places.