NPV is wrong please solve

Jack and Jills Place is a nonprofit nursery school run by the parents of the enrolled children. Since the school is out of town, it has a well rather than a city water supply Lately, the well has become unreliable, and the school has had to bring in bottled drinking water. The school's goveming board is considering driling a new well (at the top of the hill, naturally). The board estimates that a new well would cost $3.050 and save the school $590 annually for 10 years. The school's hurdle rate is 8 percent. Use Appendix A for your reference. (Use appropriote factor(s) from the tables provided.) Required: Compute the new well's net present value Should the governing board approve the new well? (Round your final answer to the neorest doliar omount.)