Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.44 million. The fixed asset will be depreciated straight-line over its three-year tax life, and the fixed asset will have a market value of $297209 at the end of the project. The project is estimated to generate $2189292 in annual sales, with costs of $858778. The project requires an initial investment in net working capital of $385625. If the tax rate is 35 percent and the required return on the project is 9 percent, what is the project's NPV?