A company has net income of $3 million, and it has 1 million shares outstanding. The company is expected to undertake a new project A. Project A will initiate 3 years from today. The initial investment in project A is $5 million. After that, project A is expected to provide a yearly cash inflow of $1.5 million in perpetuity (the first cash inflow of $1.5 million will occur one year after the initial investment). You estimate that the required rate of return is 12%. Using the NPVGO model, estimate the value of the stock today