A project with a cost of $15M is expected to produce cash flows of $9M, $8M, and $10M for the next three years. Certainty equivalent coefficients for these three cash flows are 0.9, 0.8, and 0.7, respectively. With a 4% risk-free discount rate, what is the risk adjusted NPV of the project?

(If the answer is $1.23M, enter 1.23 without dollar sign and M)

(If the answer is $55.55, then enter 55.55.)