ConocoPhillips Company is considering the introduction of a new model of lawn mowers. The initial outlay required is $100 million. Net cash flows over the 4 -year life cycle and the corresponding certainty-equivalents of the new model are as follows: Year Net Cash Flow Certainty-equivalent Factor 1 $58.3 million 0.78 2 $71.5 million 0.70 3 $64.8 million 0.60 4 $38.0 million 0.55 The firm's cost of capital is 22% and the risk-free rate is 6.85%. ConocoPhillips Company uses the certainty-equivalent approach in evaluating above-average risk investments such as this one. What is the project's certainty-equivalent NPV?