Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $6.102 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will have a market value of $474,600. The project requires an initial investment in net working capital of $678,000. The project is estimated to generate $5,424,000 in annual sales, with costs of $2,169,600. The tax rate is 31 percent and the required return on the project is 16 percent. The NPV for this project is $. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. (e.g., 32.16))