Fiduciary Responsible Tees Corp. is considering launching a new clothing line. The project would require a $18,000,000 capital investment and will be depreciated (straight-line to zero) over its 4-year life. The company discovers at the end of the project that it will be able to sell the equipment for $5,250,000 (salvage value). Incremental sales are expected to be $12,500,000 annually for the 4-year period with costs (excluding depreciation) of 60% of sales. The project would also require the company to increase inventory levels by $1,380,000. The company has a 21% tax rate.

What is the project cash flow (cash flow from assets) for Year 4?