Your firm is considering a new project. The project would last for 14 years. Your firm would have to purchase a new piece of equipment. The equipment costs $1,310,000. The equipment could be sold at the end of the project for $770,000. The project would generate revenues of $1,830,000 per year and it would have operating costs of $1,020,000 per year. The company would have to invest $234,000 in operating net working capital initially. Operating net working capital would remain at this level throughout the life of the project. The project's required rate of return is 16.1%. The tax rate is 27.5%. The CCA rate is 20%. What is the present value of the operating net working capital recovered at the end of the project? Your answer should be correct to two decimal places.