6. As a new CEO of Apple, you are planning to launch a new product line, Air Glass 1. To beat the competition in the market, you need to spend $ 20 million dollars on R&D today. To produce Air Glass 1, you need to build a new manufacturing plant next year (one year from now) which costs $ 30 million dollars. From the third year, you will sell the new product and the first revenue comes at the end of third year. The new product is estimated to provide $ 25 million dollars cash inflows annually for the three years (i.e. at the end of Year 3, 4, and 5). Assume the appropriate interest rate to use in your decision process is 5% with an annual compounding period. Compute NPV of the new product. Would you like to launch Air Glass 1? (10 points)