ABC is considering a project with an initial cost of $$7$ million. The project will produce cash inflows of $$1\mathrm{.}75$ million a year for seven years. The firm uses the subjective approach to assign discount rates to projects. For this project, the subjective adjustment is $+2\mathrm{.}0\%.$ The firm has a pretax cost of debt of $9\%$ and a cost of equity of $17\mathrm{.}5\%.$ The debt$-$equity ratio is $0\mathrm{.}6$ and the tax rate is $21\%.$ What is the net present value of the project? $($Round the answer to the nearest $$100.)$