npv of the project

Gorbochevsky Equipment has an investment opportunity in Europe. The project costs EUR 14 million and is expected to produce cash flows of EUR 2.2 million in Year 1, EUR 2.8million in Year 2 , and EUR 3.7million in Year 3 . The current spot exchange rate is $1.37/EUR. the current tisk-free rate in Canada is 3.0%, compared to that in Europe of 2.2%. The appropriate discount rate for the project is estimated to be 10.0%, the Canadian cost of capital for the company. In addition, the subsidiary can be sold at the end of three years for an estimated EUR 9.2 million. What is the NPV of the project? (Enter the onswer in dollars, not in millions. Do not round intermediate colculations. Round the final answer to 2 decimal ploces, Omit "\$" sign in your response.) NPV