A corporation is trying to decide whether to buy the patent for a product designed by another company. The decision to buy will mean an investment of $8.2 million, and the demand for the product is not known. If demand is light, the company expects a return of $1.9 million each year for two years. If demand is moderate, the return will be $2.4 million each year for three years, and high demand means a return of $4.1 million each year for three years. It is estimated the probability of a high demand is 0.3, and the probability of a light demand is 0.1. The firm's (risk-free) interest rate is 11%. Calculate the expected present worth of the patent. On this basis, should the company make the investment? (All figures represent after-tax values.) Click the icon to view the interest factors for discrete compounding when i= 11% per year. The expected value of NPW is $ million. (Round to three decimal places.) A corporation is trying to decide whether to buy the patent for a product designed by another company. The decision to buy will mean an investment of $8.2 million, and the demand for the product is not known. If demand is light, the company expects a return of $1.9 million each year for two years. If demand is moderate, the return will be $2.4 million each year for three years, and high demand means a return of $4.1 million each year for three years. It is estimated the probability of a high demand is 0.3, and the probability of a light demand is 0.1. The firm's (risk-free) interest rate is 11%. Calculate the expected present worth of the patent. On this basis, should the company make the investment? (All figures represent after-tax values.) Click the icon to view the interest factors for discrete compounding when i= 11% per year. The expected value of NPW is $ million. (Round to three decimal places.)