McCann Catching, Inc. has $2\mathrm{.}00$ million shares of stock outstanding. The stock currently sells for $$12\mathrm{.}59$ per share. The firm$$s debt is publicly traded and was recently quoted at $90\mathrm{.}00\%$ of face value. It has a total face value of $$11\mathrm{.}00$ million, and it is currently priced to yield $10\mathrm{.}00\%.$ The risk free rate is $4\mathrm{.}00\%$ and the market risk premium is $8\mathrm{.}00\%.$ You$$ve estimated that the firm has a beta of $1\mathrm{.}06.$ The corporate tax rate is $37\mathrm{.}00\%.$

The firm is considering a $$48\mathrm{.}52$ million expansion of their production facility. The project has the same risk as the firm overall and will earn $$12\mathrm{.}00$ million per year for $7\mathrm{.}00$ years.

What is the NPV of the expansion? $($answer in terms of millions, so $1,000,000$ would be $1\mathrm{.}0000)$

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Answer format: Currency: Round to: $4$ decimal places.