Javier Arino is a senior manager with the North American group of Cortez Products. He has just received the financial information he requested about a new product proposal from one of his division managers. The product, which goes under the code name Caliente-X, has undergone marker research tests and the division manager is excited about its potential. Javier asked for and received the following information: The company believes that the product's life cycle is only four years. That is, the firm will consider only cash flows in the next four years. The project requires an initial cash investment outlay of $10 million, which will be depreciated on a straight line basis over the next four year.s The project will require an initial net working capital outlay of $200,000 which can be recovered at the end of the project. The firm's marginal tax rate is 40 percent; the cost of capital is 16 percent. Cash revenues and cash operating expenses for the next four years are expected to be (in millions of dollars): a. Suppose the opportunity cost of capital for new product introductions at Cortez Products is 16 percent. What is the NPV of Caliente-X