We project unit sales for a new household$-$use laser$-$guided cockroach search

and destroy system as follows:

The new system will be priced to sell at $$400$ each.

The cockroach eradicator project will require $$1,600,000$ 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 $$275,$ and total fixed costs are $$1,100,000$ per year. The

equipment necessary to begin production will cost a total of $$15$ 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 $15\%.$ 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 place