Assume you have completed a capital budgeting analysis of building a new plant on land you own, and the project's NPV is $100 million. You now realize that instead of building the plant, you could build a parking garage, and would generate a pre tax revenue of $22 million. The project would last 3 years, the corporate tax rate is 40%, and the WACC is 6%. What is the new NPV of the project, after incorporating the effect of the opportunity cost?