Marquette Innovations Corp. is considering investing in new excavation equipment for their mining business. The investment will require an outlay of $2,000,000 initially, and is expected to generate the following after-tax cash flows: Year 1 $800,000 Year 2 $900,000 Year 3 $400,000 (due to planned repairs) Year 4 $900,000 Year 5 $950,000 (including the disposal value). The company uses a discount rate of 15% What is the Net Present Value of the proposed investment? SHOW YOUR WORK.