A company is trying to determine the initial investment for a four-year replacement project. The company owns some land that was originally purchased for $1,000,000. The land can be used for this new project but if the project is not undertaken, then the land can be sold for $4.8 million. The initial capital expenditure for this project will be $15.7 million. Because this is a replacement project, management feels that inventory will be reduced by $2.27 million but that will be reversed at the end of this project. The company also spent $3.38 million on a marketing survey to determine the feasibility of this project. What is the initial outlay at time 0 for this project? Express your answer in millions of dollars and round to two decimal places. A negative amount should be indicated by a minus sign (For example, if you answer is -$10,278,000, enter -10.28)