Baladang company considers introducing a new product to the market. Baladang

conducted a market feasibility study just now. According to a report from the study,

the company should buy a state$-$of$-$the$-$art manufacturing machine right now, whose

economic life is two years with no residual value. The report predicts that this project

will generate unlevered net incomes for next two year with associated working

capital as below. If the company uses a straight$-$line depreciation method, what is the

net present value $($NPV$)$ of this project for the decision making as of now? Following

the convention, assume that all future cash flows will occur at the end of their

relevant periods. The answers are expressed in million euros.

Instructions: Round the result to two decimal places and do not put the $"$m$"$ symbol

in the answer box. For example if you get a result of $723\mathrm{.}2893$ m$$ then write $723\mathrm{.}29$

in the answer box below.