Metallica Heavy Metal Mining Corporation wants to diversify its operations.

Some financial info on company.

Price of stock $$73$

# of Shares $40,060$

Total Assets $$7,600,000$

Total liabilities $$2,200,000$

Income $$440,000$

The company is considering an investment that has the same PE Ratio as the firm. The cost of the investment is $$800,000$ and it will be financed with a new equity issue. The return on the investment will equal the company$$s current ROE.

Current Book Value Per Share $$135\mathrm{.}00$

New Book Value Per Share $$121\mathrm{.}30$

Current Market to Book $\mathrm{.}5407$

New Market To Book $\mathrm{.}5409$

Current EPS $$11\mathrm{.}00$

New EPS $$9\mathrm{.}89$

What is the NPV on the investment?

$($a negative number should be noted with minus sign and rounded nearest whole dollar$)$

the answer provided $-585374$ is incorrect