Provo, Inc., had revenues of $10 million, cash operating expenses of $5 million, and depreciation and amortization of $1.5 million during 2020. The firm purchased $500,000 of equipment during the year while increasing its inventory by $300,000 (with no corresponding increase in current liabilities). The marginal tax rate for Provo is 40 percent. What is Provo's NOPAT for 2020?