DEF Inc is considering a project. in the good state, the project will have free cash flows of $37 million. in the bad state the project will have free cash flows of $21 million. the probability of the good state happening is 84% and the probability of the bad state happening is 16%. the project has an initial cost of $16 million. the initial cost is incurred today. the projects cost of capital is 15% and the risk-free rate of interest is 5%. what is the projects npv?