Question $4$

A firm is evaluating a four$-$year project that requires an investment today of $$2\mathrm{.}8$ million. In

addition, the project will require a one$-$time injection of working capital of $$250,000$ today that

will be recovered at project end. The project is estimated to provide operating cash flows of

$$727,000$ each year for the four years. The firm's discount rate is $11\mathrm{.}3\%.$

What is the NPV of the project?

Enter your answer rounded to the nearest dollar.