We project unit sales for a new household-use laser-guided cockroach search and destroy system as follows: Year Unit Sales 1 94,000 2 106,000 3 129,000 4 135,000 5 88,000 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 places. Omit $ sign in your response.)

NPV $