Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping's cost of capital is 12.10 percent. What is the NPV of a project if the initial costs are $1,621,946 and the project life is estimated as 8 years? The project will produce the same after-tax cash inflows of $505,148 per year at the end of the year. Round the answer to two decimal places