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Initial Outlay $50 million Year 1 $10 million Year 2 $20 million Year 3 $20 million Year 4 $10 million Year 5 $5 million The

Initial Outlay $50 million

Year 1 $10 million

Year 2 $20 million

Year 3 $20 million

Year 4 $10 million

Year 5 $5 million

The required rate of return is 15%. What is the NPV of the project? Round to the near hundredth million. Do not include any unit such as $, %, etc. (i.e. if your answer were -$1.23 million, type in -1.23 as your answer without $ and million) If there are multiple answers, then type NA.

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