Blackhawk Camping is considering a new 5-year project to produce a new tent line. The equipment necessary would cost $5 million and be depreciated using straight-line depreciation to a book value of zero at the end of the project. At the end of the project, the equipment can be sold for 18.00% of its initial cost. The company believes that it can sell 40,000 tents per year at a price of $85.50 and variable costs of $42.25 per tent. The fixed costs will be $355,000 per year. The project will require an initial investment in net working capital of $225,000 that will be recovered at the end of the project. The required rate of return is 13.15% and the tax rate is 28%. What is the NPV? Round answer to three decimal places.

Answer is not 6,876,537.57