Sheridan company is considering buying a new farm that it plans to operate for 10 years. The firm will require an initial investment of $11.80 million. This investment will consist of $2.70 million for land and 9.10 million for trucks and other equipment. The land, all trucks, and all other equipment are expected to be sold at the end of the 10 years for a price of 5.05 million, which is 2.50 million above the book value. The farm is expected to produce revenue of 200 million each year, and annual cash flow from operations equals 1.80 million. The marginal tax rate is 25%, and the appropriate Discount rate is 10%.

Calculate the NPV on this investment.