#15 O McCann Catching, Inc. has 2.00 million shares of stock outstanding. The stock currently sells for $12.68 per share. The firm's debt is publicly traded and was recently quoted at 88.00% of face value. It has a total face value of $10.00 million, and it is currently priced to yield 10.00%. The risk free rate is 3.00% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1.45. The corporate tax rate is 35.00% The firm is considering a $48.64 million expansion of their production facility. The project has the same risk as the firm overall and will earn $10.00 million per year for 7.00 years. What is the NPV of the expansion? (answer in terms of millions, so 1,000,000 would be 1.0000) Submit Answer format: Currency: Round to 4 decimal places. Show Hint