Noble Tech is considering the following project. The estimated cost of the project in the current year is $748,000. The project is expected to generate cash flows in the amount of $303,000 in the first and second year, followed by $1,300,000 in year 3 through year 5. No cash flow is expected after year 5. The company uses a discount rate of 10.6% for similar projects. Calculate the NPV of this project.