Your firm is looking to invest in a project that has expected cashflows of $287,350.40 in the first year, $297,982.37 in the second year, $307,815.78 in the third year, $314,587.73 in the fourth year, $319,306.55 in the fifth year and they plan to close the project at that time. To start the project there is an initial investment of $2,504,837.27, and salvage value is expected to be 20% of the original investment (a cash-inflow in year 5).

The firm expects to invest capital in the project which has a weighted average cost of capital (WACC) of 2.70%, what is the net present value (NPV) of the project (ignore taxes)? (Place your answer (and work) in the boxes)