The Papillon Corporation is considering launching a new project, and it would like to do the math to figure out if it is worth it$.$

The Papillon Corporation has no loans, and currently its cost of equity is $11\%.$

The project would require an immediate investment of $$11\mathrm{.}79$ million to buy production equipment. The equipment will depreciate according to the straight$-$line method, and its economic life is $6$ years. The Papillon Corporation expects that this $6-$year$-$long project would bring "revenues minus costs of goods sold" in the amount of $$3\mathrm{.}45$ million each year. $($Use the company's cost of equity to discount their after$-$tax values.$)$

You also know that the T$-$Bill, or the risk$-$free, rate is $3\mathrm{.}9\%$ per year. $($Use this rate to discount the risk$-$free cash flows from this project, such as the annual "depreciation tax shields"

The Papillon Corporation faces a $23\%$ income tax rate.

First, find the project's estimated unlevered cash flows, and then calculate the project's unlevered net present value. $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89)$