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McCann Catching, Inc. has 2.00 milion shares of stock outstanding. The stock currently selis for $12.91 per share. The firm's debt is publicly traded and

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McCann Catching, Inc. has 2.00 milion shares of stock outstanding. The stock currently selis for $12.91 per share. The firm's debt is publicly traded and was recently quoted at 91.00% of face value, It has a total face value of $20.00 million. and it is currently priced to yield 10.00%. The risk free rate is 3.00% and the market risk premlum is 8.00%. You've estimated that the firm has a beta of 1.04. The corporate tax rate is 37.00%. The firm is considering a $46.64 million expansion of their production facility. The project has the same risk as the firm overali and will earn $11.00 miltion per year for 8.00 years. What is the NPV of the expansion? (answer in terms of millions, 501,000,000 would be 1.0000 ) Answer format: Currency: Round to: 4 decimal places

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