NPV Calculation with Terminal Cash Flow

ABC Corporation is evaluating a new project that requires an initial investment of $2 million. The company expects the project to generate after-tax cash flows of $500,000 per year for 5 years. Additionally, at the end of year 5, the company expects to receive a terminal cash flow of $300,000 from the sale of the project's equipment. Considering a discount rate of 10%, what is the project's net present value (NPV)? Choose the closest NPV value: