Suppose Corporation Z is considering investing in a new project of urban development.
The cost of the project is $11000000 USD. Corporation Z expects that the non-incremental yearly cash flows from the project are $2500000 USD for the next five years; e.g. that is $2500000 USD each year.
Using the calculated WACC in the previous question, what is the Net Present Value (NPV) of the project?
Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."