Kopperud Electronics has an investment opportunity to produce a new HDTV. The required investment on January 1 of this year is $130 million. The firm will depreciate the investment to zero using the straight-line method over four years. The investment has no resale value after completion of the project. The firm has a 23 percent tax rate. The price of the product will be $439 per unit, in real terms, and will not change over the life of the project. Labor costs for Year 1 will be $15.85 per hour, in real terms, and will increase at 3 percent per year in real terms. Energy costs for Year 1 will be $4.22 per physical unit, in real terms, and will increase at 4 percent per year in real terms. The inflation rate is 6 percent per year. Revenues are received ardd costs are paid at year-end. Refer to the following table for the production schedule: The real discount rate for the project is 7 percent. Calculate the NPV of this project. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)