Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $5.4 million. The equipment will be depreciated straight line over 6 years to a value of zero, but in fact, it can be sold after 6 years for $682,000. The firm believes that working capital at each date must be maintained at a level of 10% of next years forecast sales. The firm estimates production costs equal to $1.30 per trap and believes that the traps can be sold for $5 each. Sales forecasts are given in the following table. The project will come to an end in 6 years. when the trap becomes technologically obsolete. The firms tax bracket is 35%, and the required rate of return on the project is 8%. Suppose the firm can cut its requirements for working capital in half by using better inventory control systems.

Sales Units millions of traps

0

0.5

0.7

0.8

0.8

0.7

0.5 Thereafter 0

By how much will this increase project NPV? (Enter your answer in millions round to 4 decimal places)