PGH, Inc. is considering a new six-year expansion project that requires an initial fixed asset investment of S3.102 million. The fixed asset will be depreciated straight-line to zero over its six-year tax life, after which time it will be S1 million. The project is estimated to generate S1,987,000 in annual sales, with costs of S1.102.200. The tax rate is 35 percent and the required return on the project is 16 percent. What is the net present value for this project