Landman Corporation $($LC$)$ manufactures time series photographic equipment. It is currently at its target debt$-$equity ratio of $\mathrm{.}62.$ It's considering building a new $$65\mathrm{.}2$ million manufacturing facility. This new plant is expected to generate aftertax cash flows of $$7\mathrm{.}84$ million in perpetuity. There are three financing options:

a$.$ A new issue of common stock. The required return on the company's new equity is $15\mathrm{.}2$ percent.

b$.$ A new issue of $20-$year bonds. If the company issues these new bonds at an annual coupon rate of $7\mathrm{.}3$ percent, they will sell at par.

c$.$ Increased use of accounts payable financing. Because this financing is part of the company's ongoing daily business, the company assigns it a cost that is the same as the overall firm WACC. Management has a target ratio of accounts payable to long$-$term debt of $10.($Assume there is no difference between the pretax and aftertax accounts payable cost.$)$

If the tax rate is $22$ percent, what is the NPV of the new plant?

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.$

$\backslash$table$[[$Net present value,$$,46\mathrm{.}32]]$