The answer is not 1,087,402.77

Walker, Inc., is an all-equity firm. The cost of the companys equity is currently 11.3 percent and the risk-free rate is 3.2 percent. The company is currently considering a project that will cost $11.58 million and last six years. The company uses straight-line depreciation. The project will generate revenues minus expenses each year in the amount of $3.31 million. If the company has a tax rate of 21 percent, what is the net present value of the project?