After conducting a viability study, Spring Clean Chemicals is considering acquiring Daily Chemicals for $5,000,000 cash price. Daily Chemicals has short-term liabilities of $2216902 that Spring Clean Chemicals would have to pay immediately. As a result of the acquisition, Spring Clean Chemicals would acquire rights to Daily Chemical's patent which would increase its cash inflows by $1976183 per year for the next 9 years. The cost of capital for the acquisition is 12.2%. Calculate the net present value of the merger. Please round your answer to the nearest dollar but exclude the $ or , when typing your answer. (i.e. $2,011,209.44 should be typed as 2011209).