M$.$V$.$P$.$ Games, Incorporated, has hired you to perform a feasibility study of a new video game that requires an initial investment of $$8\mathrm{.}9$ million. The company expects a total annual operating cash flow of $$1\mathrm{.}6$ million for the next $10$ years. The relevant discount rate is $10$ percent. Cash flows occur at year$-$end.

a$.$

What is the NPV of the new video game? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

b$.$

After one year, the estimate of remaining annual cash flows will be revised either upward to $$2\mathrm{.}81$ million or downward to $$385,000.$ Each revision has an equal probability of occurring. At that time, the video game project can be sold for $$2\mathrm{.}9$ million. What is the revised NPV given that the firm can abandon the project after one year? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$