Dimmadome is thinking about designing/marketing a carbon, lightweight bike to compete in their market. Development will cost $2 million and will take 1 yr. If the bikes are popular (35% probability) the cash flows will be $600,000 per year for 6 yrs starting in Year 1. If the bikes are not a hit (65% probability) the cash flows will be $150,000 per year for 5 years. Calculate the ENPV of the project. The cost of capital is 11%