A company is considering a project that requires an initial cash outlay of $$1,000,000.$ The project is expected to generate operating cash flows of $$400,000$ in the first year, $$450,000$ in the second year, and $$500,000$ in the third year. Calculate the net present value $($NPV$)$ of the project using a discount rate of $7\mathrm{.}0\%.$