Lakonishok Equipment has an investment opportunity in Europe. The project costs 21692948 and is expected to produce cash flows of 3469510 in Year 1, 5099750 in Year 2, and 5984102 in Year 3. The current spot exchange rate is $1.32/ and the current risk-free rate in the United States is 3.43%, compared to that in Europe of 2.80%. The appropriate discount rate for the project is estimated to be 12.20%, 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 12946359. What is the NPV of the project