Nathan Co. is considering replacing its production line used for corn dogs-in-a-cup. The production line will generate $1,300,000 in additional revenue per year for each of the next six years. Incremental annual operating costs are projected at 60% of sales. The new production line equipment will cost $1,500,000, and will be depreciated according to MACRS as a five-year asset. The new fixed assets will have a market value of $50,000 (before taxes) at the end of six years. The existing production line is fully depreciated and can be sold as scrap for $20,000 in after-tax proceeds. Net working capital requirements are $110,000 for the six-year life of the project; the outlay for working capital will be recovered at the end of six years. Nathan Co.'s tax rate is 40%, and the required rate of return is 15%.

What is the projected NPV for the new production line project?