First and Ten Corporation's stock returns have a covariance with the market portfolio of $\mathrm{.}0486.$ The standard deviation of the returns on the market portfolio is $21$ percent and the expected market risk premium is $6\mathrm{.}7$ percent. The company has bonds outstanding with a total market value of $$55\mathrm{.}4$ million and a yield to maturity of $5\mathrm{.}6$ percent. The company also has $4\mathrm{.}6$ million shares of common stock outstanding, each selling for $$47.$ The company's CEO considers the firm's current debt$-$equity ratio optimal. The corporate tax rate is $24$ percent and Treasury bills currently yield $3$ percent. The company is considering the purchase of additional equipment that would cost $$51$ million. The expected unlevered cash flows frolin the equipment are $$17$ million per year for $5$ years. Purchasing the equipment will not change the risk level of the firm.

Calculate the NPV of the project. $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89)$

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NPV