Closets & More is an all-equity company without any debt at the moment. The cost of equity of Closets & More is currently 11.2 percent. The risk-free rate is 3.1 percent. Closets & More is trying to evaluate a project that will require spending $11.55 million to buy fixed assets and that will last six years. The straight-line depreciation method will be used to calculate the depreciation deductions of these fixed assets. Each year, the project will bring revenues minus costs of goods sold equal to $3.29 million.

Closets & More faces a 25 percent tax rate. Calculate the project's estimated unlevered cash flows, and then use them to calculate the project's unlevered net present value. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89)