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You are considering investing into a pool at either Pi Kappa Alpha or Alpha Chi Omega. Pi Kappa Alpha's pool plans are less labor-intensive and

You are considering investing into a pool at either Pi Kappa Alpha or Alpha Chi Omega. Pi Kappa Alpha's pool plans are less labor-intensive and would cost $35 million today and provide expected cash flows of $2.6 million per year for 20 years starting one year from today. Plans for Alpha Chi Omega's pool include a large-scale project with up-front costs of $45 million that would result in expected cash flows of $3.6 million per year for 20 years starting one year from today. Both projects have discount rates of 10%. What is the NPV for Pi Kappa Alpha's pool project? Round your answer to the nearest cent and write it in dollars

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