McGilla Golf has decided to sell a new line of golf clubs. The length of this project is seven years. The company has spent $192,572 on research and development for the new clubs. The plant and equipment required will cost $2,801,947 and will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $131,385 that will be returned at the end of the project. The OCF of the project will be $869,408. The tax rate is 30 percent, and the cost of capital is 11 percent. What is the NPV for this project?