2

You are evaluating a project with the following expected cash flows: an initial investment of $8 million, followed by cash flows of $2,$9 and $16 million in years 1,2 and 3 , respectively. If the company's discount rate is 16%, what is this projects NPV? Enter your answer in millions of dollars, with no decimals. For example, if your answer is $12,345,678.90, you should enter 12