An investor is considering a project that will generate free cash flow of $698,987 per year for 5 years. In addition to upfront costs, at the completion of the project at the end of the fifth year there will be shut-down costs of $500,000. If the cost of capital is 5%, based on the NPV, at what upfront costs, in millions, does this project cease to be worthwhile? Round to 2 decimals.