Your firm is considering a new project. The project will bring pre-tax operating cash flow (ignoring depreciation) of $656,000 per year for six years. The project requires an initial upfront investment in net working capital (NWC) of $119,000 which will be recovered at the end of year six. The firm will have to purchase a new piece of equipment at a cost of $1,814,000. At the end of its six-year life, the equipment can be sold for $173,643. There are no capital gain taxes or terminal losses to worry about. The CCA rate is 35% and assume the half-year rule applies. The company has a cost of capital of 13% and pays a corporate tax rate of 29%. What would be the NPV of this project? a