The Rhodes Co. is considering a project with an initial cost of $5.8 million. The project will produce cash inflows of $1.64 million a year for five years. The firm uses the subjective approach to assign discount rates to projects. For this project, the subjective adjustment is -1.5 percent. The firm has a pre-tax cost of debt of 7.9 percent and a cost of equity of 11.8 percent. The debt-equity ratio is .60 and the tax rate is 34 percent. What is the net present value of the project