A 3 year project is expected to yield a cash flow of $6.2 million in year one, $7.4 million in year two, and $8.4 million in year three. The terminal value of the asset at the end of year three is expected to be $12.4 million. What is the maximum amount of money the company that initiates the project be willing to invest to start the project today if the required rate of return on similar projects is 15% per year?