Aberdeen Outboard Motors is contemplating building a new plant. The company anticipates that the plant will require an initial investment of $1.87 million in net working capital today. The plant will last 9 years, at which point the full investment in net working capital will be recovered. Given an annual discount rate of 6.5%, what is the net present value of this working capital investment?
The NPV is $______. (Round to the nearest dollar)