Your firm is going to purchase a new piece of equipment. The equipment costs $1,050,000. The project will last 3 years. It will generate free cash flows of $790,000 in year 1 . The project will generate free cash flows of $1,000,000 in year 2 . In the final year the project will generate free cash flows of $1,700,000. The required rate of return on the project is 10.0% compounded annually. What is the NPV of the project? Your answer should be accurate to two decimal places