We project unit sales for a new household$-$use laser$-$guided cockroach search and destroy system as follows:

Year Unit Sales

$199,500$

$2111,500$

$3134,500$

$4140,500$

$593,500$

The new system will be priced to sell at $$460$ each.

The cockroach eradicator project will require $$1,900,000$ in net working capital to start, and total net working capital will rise to $15\%$ of the change in sales. The variable cost per unit is $$330,$ and total fixed costs are $$2,200,000$ per year. The equipment necessary to begin production will cost a total of $$21$ 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 $14\%.$ Based on these preliminary estimates, what is the NPV of the project?