Mersey Chemicals manufactures polypropylene that it ships to its customers via tank car. Currently it plans to add two additional tank cars to its fleet four years from now. However, a proposed plant expansion will require Mersey's transport division to add these two additional tank cars in

3

years' time rather than in 4 years. The current cost of a tank car is

$2.1

million, and this cost is expected to remain constant. Also, while tank cars will last indefinitely, they will be depreciatedstraight-line over a five-year life for tax purposes. Suppose Mersey's tax rate is

20%.

When evaluating the proposed expansion, what incremental free cash flows should be included to account for the need to accelerate the purchase of the tankcars?

Incremental FCF for year 0 is

$___________

million. (Round to two decimal places and outflows as negative values.)