BlossomCompany is considering buying a new farm that it plans to operate for10years. The farm will require an initial investment of $11.95million. This investment will consist of $2.60million for land and $9.35million for trucks and other equipment. The land, all trucks, and all other equipment are expected to be sold at the end of10years for a price of $5.20million, which is $2.25million above book value. The farm is expected to produce revenue of $2.05million each year, and annual cash flow from operations equals $1.95million. The marginal tax rate is35percent, and the appropriate discount rate is9percent. Calculate the NPV of this investment.(Do not round factor values. Round final answer to 2 decimal places, e.g. 15.25.)

NPV$