Estefan Industries has a new project available that requires an initial investment of $4.7 million. The project will provide unlevered cash flows of $845,000 per year for the next 20 years. The company will finance the project with a debt-value ratio of .3. The companys bonds have a YTM of 6.6 percent. The companies with operations comparable to this project have unlevered betas of 1.14, 1.07, 1.29, and 1.24. The risk-free rate is 4 percent and the market risk premium is 6.8 percent. The tax rate is 25 percent. What is the NPV of this project?

The answer is NOT 1,707,804.00!!! Please help me find the right answer.