Perfect Landscaping, Inc. is using net present value (NPV) when evaluating projects. Perfect Landscaping's discount rate (also called the cost of capital) is 7.46 percent. What is the NPV of a project if the initial costs are $2,429,904 and the project life is estimated as 9 years? The project will produce the same after-tax cash inflows of $690,189 per year at the end of the year.

Round the answer to two decimal places.