Consider the government has the opportunity to acquire a license for the use of private terminals at the Port. The license is for 10 years. Once the terminals at the port are developed, they are expected to yield a capacity of 3 million TEUs annually; utilization will initially be 50% and steadily increase of 15% each year over the first 5 years and reach its maximum of 3 million. Current value of a TEU is $5 and the present value of the development cost is $300 million. What is the NPV of this opportunity?