Problem $18-13$ WACC First and Goal$$Corporation$$s stock returns have a covariance with the market portfolio of $\mathrm{.}0486.$ The standard deviation of the returns on the market portfolio is $19$ percent$$and the expected market risk premium is $6\mathrm{.}9$ percent. The company has bonds outstanding with a total market value of $$56\mathrm{.}4$ million and a yield to maturity of $6\mathrm{.}6$ percent. The company also has $5\mathrm{.}6$ million shares of common stock outstanding, each selling for $$37.$ The company$$s CEO considers the firm$$s current debt$-$equity ratio optimal. The corporate tax rate is $24$ percent$$and Treasury bills currently yield $4$ percent. The company is considering the purchase of additional equipment that would cost $$56$ million. The expected unlevered cash flows from the equipment are $$18\mathrm{.}5$ million per year for $5$ years. Purchasing the equipment will not change the risk level of the firm. What is the NPV of the project?$($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded$$to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89)$