Intro Elton Cranes is considering production of a new type of crane. The initial cost of the project is $30 million. There is a 50% probability that demand will be strong, in which case the company will gain annual free cash flows of $6 million per year for 15 years. Otherwise, the annual free cash flows will only be $2 million per year. The company has a weighted average cost of capital of 11%. | Attempt 4/10 for 10 pts. Part 1 What is the NPV of the project (in $ million)? 2+ decimals Submit