Jiminez, Incorporated, is an all-equity firm. The cost of the companys equity is currently 11.6 percent. The company is currently considering a project that will cost $11.67 million and last six years. The company uses straight-line depreciation. It will finance it with 60% debt with an interest rate of 8%. The project will generate revenues minus expenses each year in the amount of $3.37 million. If the company has a tax rate of 24 percent, what is the net present value of the project?