Lakonishok Equipment has an investment opportunity in Europe. The project costs $15,250,000$ and is expected to produce cash flows of $3,850,000$ in Year $1,4,850,000$ in Year $2,$ and $5,250,000$ in Year $3.$ The current spot exchange rate is $$\mathrm{.}78/$ and the current risk$-$free rate in the United States is $2\mathrm{.}6$ percent, compared to that in euroland of $2\mathrm{.}2$ percent. The appropriate discount rate for the project is estimated to be $12$ percent, the U$.$S$.$ cost of capital for the company. In addition, the subsidiary can be sold at the end of three years for an estimated $9,750,000.$

What is the NPV of the project in U$.$S$.$ dollars?