A firm is considering investing $10 million today to start a new product line. The future of the project is unclear however and depends on the state of the economy. The project will last 5 years. The yearly cash flows for the project are shown below for the different states of economy. What is the expected NPV for the project if the cost of capital is 12%?

Project	chance of	yearly
Outcome	outcome	cash flow
Good	25%	$8.00
Average	50%	$3.00
Bad	25%	($2.00)