Los Pollos Hermanos, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.46 million. The fixed asset (primarily, laundry machinery) will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,000,000 in annual sales, with costs of $695,000. The tax rate is 35 percent and the required return on the project is 16 percent. What is the project's NPV? (Round your answer to 2 decimal places, (e.g., 32.16))