Imperial Motors is considering producing its popular Rooster model in China. This will involve an initial investment of CNY 49 billion. The plant will start production after one year, It is expected to last for five years and have a salvage value at the end of this period of CNY 509 miltion in reat terms. The plant wilt produce 100,000 cars a year. The firm anticipates that in the first year, it will be able to sell each car for CNY 74.000, and thereafter the price is expected to increase by 4% a year, Raw materials for each car are forecasted to cost CNY 27,000 in the frist year, and these costs are predicted to increase by 3% annually. Total labor costs for the plant are expected to be CNY 20 billion in the first year and thereafter will increase by 7% a yeat. The land on which the plant is buit can be rented for five years at a fixed cost of CNY 309 million a year payable at the beginning of each year fmperlars discount rate for this type of project is 10% (nominal). The expected rate of inflation is 5%. The plant can be depreciated straight-line over the flve-year period, and profits will be taxed at 25%. Assume all cash flows occur at the end of each year except where otherwise stated. Whot is the NPV of the project plant? Note: Do not round your intermediate calculations. Enter your answer in millions rounded to the nearest whole number