Daily Enterprises is purchasing a $10.45 million machine. It will cost $70,702.00 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 $4.55 million per year along with incremental costs of $1.43 million per year. Dailys marginal tax rate is 34.00%.

The cost of capital for the firm is 15.00%.

(answer in dollars..so convert millions to dollars)

The project will run for 5 years. What is the NPV of the project at the current cost of capital?