Halcyon Lines is considering the purchase of a new bulk carrier for $8.6 million. The forecasted revenues are $5.6 million a year and operating costs are $4.6 million. A major refit costing $2.6 million will be required after both the fifth and tenth years. After 15 years, the ship is expected to be sold for scrap at $2.1 million. If the discount rate is 10%, what is the ships NPV?