Mr Xi has been offered an upfront payment today of $14 million to star in the lead role in three movies over the next 3 years. If Mr Xi takes this offer, he will have to forgo acting in other movies that would pay him \$5 million at the end of each of the next three years. Assume Mr Xi's personal cost of capital is 10% per year. The NPV of the three-movie offer is closest to: $1.0 million \$3.5 million $1.0 million \$1.6 million