An ex-president reportedly was paid $10 million to write his book My Life. The book took three years to write. Once the book was finished, it was expected to generate royalties of $4 million in the first year (paid at the end of the year), and these royalties were expected to decrease at a rate of 34% per year in perpetuity. In the time he spent writing, the president could have been paid to make speeches. Given his popularity, assume that he could earn $10 million per year (paid at the end of the year) speaking instead of writing. Assume his cost of capital is 12% per year. What is the NPV of the book with the royalty payments?

Enter your answer in $Millions, keep 3 digits after the decimal.