Ilana Industries, Inc., needs a new lathe. It can buy a new high-speed lathe for $0.91 million. The lathe will cost $38,200 to run, will save the firm $122,100 in labour costs, and will be useful for 9 years. Suppose that for tax purposes, the lathe will be in an asset class with a CCA rate of 25%. Ilana has many other assets in this asset class. The lathe is expected to have a 9 -year life with a salvage value of $98,000. The actual market value of the lathe at that time will also be $98,000. The discount rate is 15% and the corporate tax rate is 35%. What is the NPV of buying the new lathe? (Round your answer to the nearest cent.)