MVP$,$ Inc., has produced rodeo supplies for over $20$ years. The company currently has a debt$-$equity ratio of $60$ percent and the tax rate is $25$ percent. The required return on the firm$$s levered equity is $13$ percent. The company is planning to expand its production capacity. The equipment to be purchased is expected to generate the following unlevered cash flows:

Year Cash Flow

$0$$$19,500,000$

$15,910,000$

$29,710,000$

$39,010,000$

The company has arranged a debt issue of $$9\mathrm{.}93$ million to partially finance the expansion. Under the loan, the company would pay interest of $7$ percent at the end of each year on the outstanding balance at the beginning of the year. The company also would make year$-$end principal payments of $$3,310,000$ per year, completely retiring the issue by the end of the third year.

Calculate the APV of the project. $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89)$