Louie's Leisure Products is considering a project which will require the purchase of $1.3 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 $175,000 over the five-year life of the project. Louie's expects to sell the equipment at the end of five years for $280,000. Annual sales from this project are estimated at $1.2 million with annual operating costs estimated at $750,000. Net working capital is equal to $240,000, and all of the net working capital will be recouped at the end of the project. The firm desires a minimum 14% rate of return on this project. The tax rate is 34%. What is the NPV of the project