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 2.5 years. The project's annual cash flows are: Year Year! Year 2 Cash Flow $300,000 500,000 600,000 425,000 Year 3 Year 4 If the project's desired rate of return is 8.00%, the project's NPV is (Hint: Round your calculations to the nearest dollar)