A capital project in a mining sector requires initial costs over next two years as follows: $30 million right now, $4 million at the end of first year and $2 million at the end of second year. Starting at the end of year 3 until the end of year 30, this project is expected to generate annual after-tax net cash flows of $10 million. At the end of year 30, the firm is expected to incur a cost of $100 million to decommission the mine. Assume that the cost of capital the project is 15% per annum. Evaluate the project by calculating its net present value. (6 marks)