Ready Corp. is evaluating a capital project using the net present value method. The project has an initial cash outflow of $940,000 and the annual after-tax cash inflows for the project are below. For capital projects management requires a rate of return of 12.0%. Cash inflows are as follows: year 1 $250,000, year 2 $250,000, year 3 $275,000, year 4 $250,000 year 5 $200,000, and year 6 $175,000. What is the net present value of the project? (round to the nearest dollar)