Work Inc. is evaluating a capital project using the net present value method. The project has an initial cash outflow of $900,000 and the annual after-tax cash inflows for the project are below. For capital projects management requires a rate of return of 11.0%. Cash inflows are as follows: year 1$225,000, year 2$225,000, 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)