Bigquiz currently is an all-equity financed firm with the information given below. Bigquiz Corporation (in millions) 2018 2019 sales 800 cost of goods sold 600 depreciation 60 interest rate 10.0% payout 40.0% tax rate 35.0% account receivable 26 30 cash 20 inventory 24 40 net fixed asset 330 360 account payable 0 0 note payable 0 0 long-term debt 0 0 common stock 100 100 retained earning 300 shares outstanding 10 1. Bigquiz Inc. is considering whether to introduce a new machine. The projected unit sales are 100, 175, and 125 units per year for the next three years, respectively. Price is $1 million per unit, variable cost is $0.5 million per unit, and fixed costs are 15 million per year. The equipment costs 150 million today and can be sold three years later at a market value of 20 million. The machine will be depreciated on a three-year MACRS schedule (33.3%, 44.44%, 14.8%, 7.4%). The machine also requires an initial working capital of 10 million, and in each year working capital is estimated as 10% of the total sales. All working capital will be recovered by the end of the project's life. Tax rate is 35%. The company's beta is 1.5, risk free rate is 2% and market risk premium is 4%, how much is NPV of the project