Potomac Real Estate is planning to invest in a new development project. The cost of the new development will be $27 million. The project is expected to generate $12,250,000, $20,064,000, and $24,000,000 over the next three years. If the appropriate discount rate is 12 percent, what is the NPV of the project. Round to the nearest dollar
$29,314,000
$17,015,124
$12,320,000
$17,925,000