Blaine is a small but profitable producer of soaps. This is not a high-tech business, but Blaine's earnings have averaged around $1.5 million after tax, largely on the strength of its patented ingredient to keep skin soft. The patent has eight years to run, and Blaine has been offered $3.7 million for the patent rights.

Blaine's assets include $2.3 million of working capital and $8.6 million of property, plant, and equipment. The patent is not shown on Blaine's books. Suppose Blaine's cost of capital is 16%.

What is its EVA? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.)