We project unit sales for a new household$-$use laser$-$guided cockroach search and destroy

system as follows:

The new system will be priced to sell at $$460$ each.

The cockroach eradicator project will require $$1,900,000$ in net working capital to start,

and total net working capital will rise to $15\%$ of the change in sales. The variable cost per

unit is $$330,$ and total fixed costs are $$2,200,000$ per year. The equipment necessary to

begin production will cost a total of $$21$ million. This equipment is mostly industrial

machinery and thus qualifies for CCA at a rate of $20\%.$ In five years, this equipment will

actually be worth about $20\%$ of its cost.

The relevant tax rate is $35\%,$ and the required return is $14\%.$ Based on these preliminary

estimates, what is the NPV of the project? $($Enter the answer in dollars. Do not round your

intermediate calculations. Round the final answer to $2$ decimal places.

NPV $=$