STM Inc. is considering a 3-year project with an initial cost of $825,590. The project will not directly produce sales but will reduce operating costs by $299,174 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project, the equipment will be sold for an estimated $70,892. The tax rate is 34%. The project will require $29,612 in extra inventory for spare parts and accessories. STM requires a 8% rate of return. What is the NPV of the project? Round your response to the nearest dollar and input without the $ sign