Linksys is considering the development of a wireless home networking appliance, called HomeNet.

Sales forecast for HomeNet is 50,000 units per year.

Linksys expects the product will have a four-year life and an expected wholesale price of $250.

Actual production will be outsourced at a cost of $110 per unit.

Linksys will rent the lab space but will need to purchase $7.5 million of new equipment. The lab will be operational at the end of one year.

Linksys expects to spend $2.8 million per year on rental costs for the lab space.

The lab equipment will be depreciated using the straight-line method over a 5-year life.

Linksys' marginal corporate tax rate is 40%.

The cost of capital for this project is 12.00%

How much is the "Year 0" incremental free cashflow for this project (in millions)?

Enter your answer in the following format: + or - 1.23; Hint #1: Answer is between -6.75 and -8.33