ZTX Co. has decided to sell a new line of golf clubs. The clubs will sell for $710 per set and have a variable cost of $380 per set. The company has spent $159,243 for a marketing study that determined the company will sell 72,044 sets per year for seven years. The marketing study also determined that the company will lose sales of 8,011 sets per year of its high-priced clubs. The high-priced clubs sell at $1,089 and have variable costs of $553. The company will also increase sales of its cheap clubs by 10,154 sets per year. The cheap clubs sell for $370 and have variable costs of $136 per set. The fixed costs each year will be $14,618,771. The company has also spent $1,352,037 on research and development for the new clubs. The plant and equipment required will cost $28,966,834 and will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $2,188,162 that will be returned at the end of the project. The tax rate is 34 percent, and the cost of capital is 13 percent. Calculate the NPV for this project. Answer in $ to two decimals.