Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the table. What is the NPV of the project?

Year Project

0 ($11,368,000)

1 $ 2,172,589

2 $ 3,787,552

3 $ 3,275,650

4 $ 4,115,899

5 $ 4,556,424

Round to two decimal places.