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My project needs a $3.2 million investment today, therefore t = 0. After-tax cash flows depend if consumers like it. A 40% chance exists that

My project needs a $3.2 million investment today, therefore t = 0. After-tax cash flows depend if consumers like it. A 40% chance exists that they will, and in this case the project will generate after-tax cash flows of $2.3 million at the end of each of the next 3 years. A 60% chance exists the consumers will not like it, and in this case the after-cash flows will be $0.49 million for 3 years. the WACC is 11%. If the project is successful after getting cash flows for the first year and receiving these cash flows, I can abandon the project. If I do this, I won't get and cash flows after t = 1, but I can sell that assets related to the project for $2.25 million after taxes at t = 1. If I abandon the project, what is the expected NPV of the project today? Enter in millions and round to two decimal places.

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