You have been approached by a computer hardware developer who has created a prototype haptic VR glove which provides realistic sensations of feedback to the user's hands when interacting with virtual environments. The prototype shows promise, but the developer has no additional funds to continue to pursue the project. Completing the prototype and purchasing the licenses necessary to make the product compatible with the widest possible set of VR ecosystems incurred a $$2$ million development cost for the developer. In its current state, the VR glove project will need $$35$ million of initial capital investment to begin full scale production. Because of the innovative nature of the product, projected sales of the gloves are expected to be $$14$ million per year for the next five years. After the fifth year, the product will reach market saturation; anyone who wants the gloves already has them, and sales will drop to effectively $$0.$ The main cost of production is the sophisticated SOC that controls the functions of the gloves and communicates with the various VR ecosystems. Each year, production will require $20,000$ units of the SOC used in the gloves. The SOC is currently selling for $$200$ per unit. The supplier of the SOC believes the price of the chips will depreciate at $10\%$ per year for the next $5$ years. The cost of capital is $10\%$ for the VR glove business. The tax rate is $35\%.$ The initial capital investment of the business can be depreciated linearly for five years. Assuming the projected sales figures and the supplier's price estimates are accurate, which of the following is closest to the present value of the total after$-$tax cash flow of the project by the end of the fifth year?