ABC is considering a construction project where they only get paid $2,500,000 on completion in five years. The project will require an initial investment today of $850,000 for machinery. There will also be annual costs of $95,000 each year for materials and labour. Assume that these costs occur at the end of each of the five years. In addition, there will be a site clean up cost of $40,000 at the end in five years. What is the NPV of the project if the applicable rate is 11% per year