Dyrdek Enterprises has equity with a market value of $14.7 million and the market value of debt is $10.3 million. The company is evaluating a new project that has more risk than the firm. As a result, the company will apply a risk adjustment factor of 2.3 percent. The new project will cost $2.02 million today and provide annual cash flows of $617,400 for the next 8 years. The company's cost of equity is 9.11 percent and the pretax cost of debt is 4.78 percent. The tax rate is 21 percent. What is the project's NPV? NPV=$