Caspian Sea Drinks is considering the production of a diet drink. The expansion of the plant and the purchase of the equipment necessary to produce the diet drink will cost \$24.00 mililon. The plant and equipment will be depreclated over 10 years to a book value of $3.00 million, and sold for that amount in year 10 . Net working capital will increase by $1.49 million at the beginning of the project and will be recovered at the end. The now diet drink will produce revenues of $9.44 million per year and cost $2.22 milion per year over the 10-year life of the projoct. Marketing estimates 16.00% of the buyers of the diet drink will be people who wi switch from the regular drink. The marginal tax rate is 35.00%. The WACC is 15.00%. Find the NPV (net present value). Answer format: Curroncy; Round to: 2 docimal places