A firm is considering the following investment: The firm makes a payment of $$1,465,857$ today. In return it receives two payments: $$860,489$ exactly $2$ years from now, and $$2,843,866$ exactly $11$ years from now.

Question: calculate the net present value of the investment. Use a discount rate of $5\%.$ Round your answer to the nearest penny.

Note: do not use a $"$$$"$ when you type your answer into Canvas. $($Canvas doesn't like dollar signs.$)$

WARNING! YOUR ANSWER MUST BE EXACTLY CORRECT. DO NOT ROUND WHILE DOING CALCULATIONS. ROUND YOUR FINAL ANSWER CORRECTLY TO THE NEAREST PENNY.