Turnbuck Corp. is in the process of constructing a new plant at a cost of $$13,000,000$ million. It expects the project to generate cash flows of $$4,500,000,$ $$5,500,000,$ and $$8,000,000$ over the next three years. The cost of capital is $7$ percent. What is the net present value of this project? $($Do not round intermediate computations. Round final answer to nearest dollar.$)$

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