Jones Inc. intends to invest in one of two fruit juice manufacturing plants, Plant A and Plant B. The life of Plant A and Plant B models is 12 years. Plant A requires an initial investment of $1,090,000 and has a net annual after-tax cash inflow of $200,000. Plant B requires an initial investment of $1,640,000 and has a net annual after-tax cash inflow of $250,000. The cost of capital for the company is 12%. What is the net present value of Plant B? (Discount factor for i = 12%. It is 6.19437 for 12 years.) (Round your answer to two decimal places.)