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

1: 100,000

2: 112,000

3: 135,000

4: 141,000

5: 94,000

The new system will be priced to sell at $465 each.

The cockroach eradicator project will require $2,000,000 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 $335, and total fixed costs are $2,300,000 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 15%. Based on these preliminary estimates, what is the NPV of the project? (round final answer to 2 decimal places)