Sheridan COporation is considering adding a new. product line. The cost of the factory and equipment to produce this product is $1,900,000. Company management expects net cash flows from the sale of this product to be $510,000 in each of the next eight years. If Sheridan uses a discount rate of 12 percent for projects like this, what is the net present value of this project? (Round intermediate calculations to 5 decimal places, e.g. 0.42354. Round answer to 0 decimal places, e.g. 52.25. Enter negative amounts using negative sign e.g. -45.25.)