Ang Electronics, Incorporated, has developed a new mesh network. If successful, the

present value of the payoff $($when the product is brought to market$)$ is $$29$ million. If the

mesh network fails, the present value of the payoff is $$9\mathrm{.}2$ million. If the product goes

directly to market, there is a $50$ percent chance of success. Alternatively, the company

can delay the launch by one year and spend $$2\mathrm{.}1$ million to test market the mesh

network. Test marketing would allow the firm to improve the product and increase the

probability of success to $80$ percent. The appropriate discount rate is $11$ percent.

Calculate the NPV of going directly to market and the NPV of test marketing before

going to market. $($Do not round intermediate calculations and enter your answers in

dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$