Jupiter Inc.s directors are considering expanding their operations in foreign markets. They estimate that the cost of expansion is approximately $42 million. The companys CFO has estimated that new foreign operations will generate the following cash flows:

Year 1 = $2,120,000 Year 2 = $2,838,000 Year 3 = $3,480,000 Year 4 = $4,570,000

Year 5 onward, the cash flow stream is going to stabilize at $5,500,000 which is going to continue forever. Given that the companys required rate of return is 11%, what is the NPV of the project?