Management would spend $5m four years from now on a facility and equipment. DMWB would receive cash benefits of $0.5m, $1.5m, $3m, $5m and $6m five, six, seven, eight and nine years from now, respectively. DMWB can earn an annual return of 5%, compounded annually, on money invested now.

What is the present value of this cash stream now, in millions of dollars? (For example, if your answer is $100m, enter 100.0000.)