Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $333,436 per year. You believe the technology used in the machine has a 10-year life; in other words, no matter when you purchase the machine, it will be obsolete 10 years from today. The machine is currently priced at $1,760,000. The cost of the machine will decline by $110,000 per year until it reaches $1,320,000, where it will remain. The required return is 15%. What is the NPV if the company purchases the machine today? (Round answer to 2 decimal places. Do not round intermediate calculations)