What is the NPV of the following project if the required rate of return is 22 percent? (Do not round intermediate calculations. Round your final answer to two decimal places.)

Year 0 = -$1,000,000 (Cash flow, negative)

Year 1 = $300,000

Year 2 = $300,000

Year 3 = $300,000

Year 4 = $300,000

Year 5 = -$300,000 (negative)

Year 6 = -$300,000 (negative)