A company is in the process of constructing a new plant at a cost of $20 million. It expects the project to generate cash flows of $8 million, $5 million, and $11 million over the next three years. The cost of capital is 13.2 percent p.a. What is the net present value of this project? (in millions to three decimals)

Select one:

a. $-1.448

b. $38.552

c. $-3.611

d. $-0.933