The Rare Find Co. has the following information: Debt outstanding: $350 million The before-tax cost of debt: 6% Market cap: $1,250 million Cost of common stock: 12% Tax rate: 21% Rare Find is evaluating a project with the following information: Over the next seven years, EBIT will equal 41 million each year An investment of $25 million is required in net working capital at the beginning of the project, which will be recovered at the end. The equipment cost will be $70 million depreciated using straight-line to zero over the project's life, with no salvage value. The project requires an additional 2% risk premium above the firm's WACC.

Calculate the net present value for the project. (Enter the full value, e.g. 5 million as 5,000,000 and round to 2 decimals)