Huntington Energy is considering a new project which requires an initial cash outlay of $$11$ million today, the investment involves the purchase of class $10$ equipment with a CCA rate of $30\%,$ and the equipment costs $$10$ million. The rest of the money, $$1$ million,

will be paid to a consulting firm who helps the company do a feasibility study of the new project. Revenues less expenses $($S$-$E$)$ from this project are expected to be $$3$ million per year for $6$ years. The project requires an immediate $$200,000$ increase in Net Working Capital $($NWC$)$ and the NWC will remain at the same level for the rest of the life of this project. Suppose the corporate tax rate and required rate of return are $35\%$ and $10\%,$ respectively.

Determine the NPV of the project. And shall we accept or reject the project?