Daily Enterprises is purchasing a $10.39 million machine. It will cost $69,197.00 to transport and install the machine. The machine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.22 million per year along with incremental costs of $1.37 million per year. Dailys marginal tax rate is 34.00%.

The cost of capital for the firm is 11.00%.

What is the year 0 cash flow for the project?