Mountain Sounds Corp. is evaluating a cost savings project. The project's expected operational life is seven years. The project will save the firm $210,665 in net working capital, a one time savings for the life of the project. The project will require an investment in capital equipment of $6,811,990 and has an expected after-tax salvage value of $833,550. After considering the cash savings and depreciation impact the firm expects the project to generate operating cash flows of $1,074,206 each year for the life of the project. What is the NPV of the project if the firm's WACC is 7.5%?