Suppose you are evaluating a project with the cash inflows shown in the following table. Your boss has asked you to calculate the project$$s net present value $($NPV$).$ You don$$t know the project$$s initial cost, but you do know the project$$s regular, or conventional, payback period is $2\mathrm{.}5$ years.

The project's annual cash flows are:

Year

Cash Flow

Year $1$ $$325,000$

Year $2600,000$

Year $3600,000$

Year $4425,000$

If the project$$s desired rate of return is $9\mathrm{.}00\%,$ the project$$s NPV is $.($Hint: Round your calculations to the nearest dollar.$)$