NPV Calculation for Project Viability

ABC Corp is analyzing a potential project that requires an initial investment of $1,500,000. The project is expected to generate cash inflows of $600,000 at the end of each year for the next four years. After the fourth year, the project will have an additional salvage value of $200,000. ABC Corp uses a discount rate of 10% for its capital projects. The company needs to determine if the project is viable using the Net Present Value (NPV) approach.

To calculate the NPV, the cash flows must be discounted back to present values and then summed, subtracting the initial investment. Which of the following statements accurately describes the project's NPV based on the given data?