Wildhorse Company is considering buying a new farm that it plans to operate for $10$ years. The farm will require an

initial investment of $$12\mathrm{.}05$ million. This investment will consist of $$2\mathrm{.}15$ million for land and $$9\mathrm{.}90$ million for trucks

and other equipment. The land, all trucks, and all other equipment are expected to be sold at the end of $10$ years for a

price of $$5\mathrm{.}10$ million, which is $$2\mathrm{.}30$ million above book value. The farm is expected to produce revenue of $$2\mathrm{.}00$

million each year, and annual cash flow from operations equals $$1\mathrm{.}80$ million. The marginal tax rate is $25$ percent, and

the appropriate discount rate is $10$ percent. Calculate the NPV of this investment. $($Do not round factor values. Round

final answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}25.)$

NPV $

The project should be