38. Billman Corporation has an investment opportunity that would require an up-front investment of $7,000,000 in assets and would bring in additional revenues of $3,000,000 each year for 4 years. The assets could be sold at the end of 4 years for $400,000. Billman has a tax rate of 30%, and a required rate of return of 14%.

Calculate the net present value of the investment opportunity.