McCann Catching, Inc. has 2.00 million shares of stock outstanding. The stock currently sells for $12.62 per share. The firm's debt is publicly traded and was recently quoted at 88.00% of face value. It has a total face value of $14.00 million, and it is currently priced to yield 9.00%. The risk free rate is 2.00% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1.07. The corporate tax rate is 34.00%.

The firm is considering a $41.38 million expansion of their production facility. The project has the same risk as the firm overall and will earn $11.00 million per year for 8.00 years.

What is the NPV of the expansion? (answer in terms of millions, so 1,000,000 would be 1.0000)