Wildhorse Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,924,338, have a life of five years, and would produce the cash flows shown in the following table.

Year	Cash Flow
1	$525,372
2	-183,300
3	1,010,920
4	786,420
5	754,480

What is the NPV if the discount rate is 14 percent? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)

NPV is