Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.54 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life and is estimated to have a market value of $272,248 at the end of the project. The project is estimated to generate $2,107,507 in annual sales, with costs of $829,726. The project requires an initial investment in net working capital of $374,305. If the tax rate is 38 percent and the required return on the project is 11 percent, what is the project's NPV?