Longhorn, Incorporated, has produced rodeo supplies for over 20 years. The company currently has a debt-equity ratio of 45 percent and the tax rate is 23 percent. The required return on the firm's levered equity is 12 percent. The company is planning to expand its production capacity. The equipment to be purchased is expected to generate the following unlevered cash flows: The company has arranged a debt issue of $972 million to partially finance the expansion. Under the loan, the company would pay interest of 7 percent at the end of each year on the outstanding batance at the beginining of the year. The company aiso would make year-end principal payments of $3,240,000 per year, completely retiring the issue by the end of the third year. What is the APV of the project? (Do not round intermediate calculations and enter your onswer in dollars, not millions of dollars. rounded to 2 declmat ptaces, e.g., 1,234,567.89)