Walker, Inc., is an all-equity firm. The cost of the company's equity is currently 11.28% and the risk-free rate is 5.2%. The company is currently considering a machinery for a project that will cost $13.17 and last 5 years. The company uses straight-line depreciation. The project will generate revenues minus expenses each year in the amount of $2.6. If the company has a tax rate of 32%, What is the NPV of the project?

NOTE: Depreciation should be discounted using the Risk-Free Rate (think about why!)