Problem $18-7$ NPV for an All$-$Equity Company

Jiminez, Incorporated, is an all$-$equity firm. The cost of the company$$s equity is currently $10\mathrm{.}8$ percent and the risk$-$free rate is $2\mathrm{.}7$ percent. The company is currently considering a project that will cost $$11\mathrm{.}43$ million and last six years. The company uses straight$-$line depreciation. The project will generate revenues minus expenses each year in the amount of $$3\mathrm{.}21$ million. If the company has a tax rate of $21$ percent, what is the net present value 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$.,1,234,567\mathrm{.}89)$