Construction Inc. is considering a new project. They forecast annual operating cash flows of $350,000 from this project over six years. This will require an initial investment of $1,100,000. The equipment is on a ten year straight line depreciation schedule. Additionally, this project will cannibalize existing cash flows by an estimated $130,000 per year for 6 years. They can liquidate the equipment for $700,000 after eight years. The firm's cost of capital is 9% and their tax rate is 25%. Calculate the NPV of this project.