The new system will be priced to sell at $440 each. The cockroach eradicator project will require $1,500,000 in net working capital to start, and total net working capital will rise to 15% of the change in sales. The variable cost per unit is $310, and total fixed costs are $1,800,000 per year. The equipment necessary to begin production will cost a total of $19 million. This equipment is mostly industrial machinery and thus qualifies for CCA at a rate of 20%. In five years, this equipment will actually be worth about 20% of its cost. The relevant tax rate is 35%, and the required return is 16%. Based on these preliminary estimates, what is the NPV of the project? (Enter the answer in dollars. Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)