Mountain Sounds Corp. is evaluating a cost savings project. The project's expected operational life is seven years. The project will save the firm $203,706 in net working capital, a one time savings for the life of the project. The project will require an investment in capital equipment of $5,186,326 and has an expected after-tax salvage value of $841,988. After considering the cash savings and depreciation impact the firm expects the project to generate operating cash flows of $1,227,776 each year for the life of the project. What is the NPV of the project if the firm's WACC is 8.6%?