Consider the development of a new type of laptop machine. In Sam's estimates he determines that he will sell 5,000 laptop units per year at a price of $2,500 per laptop. Production equipment will have to be purchased at a cost of $2 million. The equipment will be depreciated over five years using the straight-line method. Net working capital of $1.9 million will also required to finance this project. The cash expenses for this project are $1,700 per laptop. The tax rate is 40%. If he uses a cost of capital equal to 13%, what is the NPV for this project?