A candy factory is building an extension to its taffy puller. This will require spending $18 million today. This project will then generate $2 million in incremental free cash flow each year for the next 20 years (from t=1 to t=20). The firm is financed half with equity and half with debt (it has essentially no cash). The firm's equity beta is 0.8, debt yield to maturity is 4.0%, and tax rate is 20%. The expected return on the S&P500 Index is expected to be 7.0% each year and the relevant risk-free rate is 2.0%. What is the NPV of this project (in millions)?

Group of answer choices

-10.8

-5.6

-1.3

0

4.5

7.8