Louie$$s Leisure Products is considering a project that will require the purchase of $$1\mathrm{.}3$ million of new equipment. Shipping and installation will be an additional $$100,000.$ For tax purposes, the equipment will be depreciated straight$-$line to a salvage value of $$150,000$ over the five$-$year life of the project. Louie$$s expects to sell the equipment at the end of five years for $$200,000.$ Annual sales from this project are estimated at $$1\mathrm{.}0$ million with annual operating costs estimated at $$500,000.$ Net working capital is equal to $$80,000,$ and all of the net working capital will be recouped at the end of the project. The firm desires a minimal $14\%$ rate of return on this project. The tax rate is $34\%.$ What is the NPV of the project?