Ilana Industries, Inc., needs a new lathe. It can buy a new high-speed lathe for $0.91 million. The lathe will cost $39,000 to run, will save the firm $131,400 in labour costs, and will be useful for 11 years. Suppose that for tax purposes, the lathe will be in an asset class with a CCA rate of 25 percent. Ilana has many other assets in this asset class. The lathe is expected to have a 11-year life with a salvage value of $99,000. The actual market value of the lathe at that time will also be $99,000. The discount rate is 14 percent and the corporate tax rate is 35 percent.

What is the NPV of buying the new lathe? (Round your answer to the nearest cent.)
NPV ($) = ?	=