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A proposed project costs $12.3M today to get started and will produce after-tax cash flows of -$1M, $0, $1.5M, $2.5M in years 1,2,3,4. After year

A proposed project costs $12.3M today to get started and will produce after-tax cash flows of -$1M, $0, $1.5M, $2.5M in years 1,2,3,4. After year 4 the cash flows will increase by 2% per year forever. What is the NPV of the project if the discount rate is 9%?

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