Alpha Industries is considering a project with an initial cost of $$8\mathrm{.}4$ million. The project will produce cash inflows of $$1\mathrm{.}56$ million per year for $8$ years. The project has the same risk as the firm. The firm has a pretax cost of debt of $5\mathrm{.}49$ percent and a cost of equity of $11\mathrm{.}19$ percent. The debt$-$equity ratio is $\mathrm{.}56$ and the tax rate is $23$ percent. What is the net present value of the project?