New Food Inc. plans to open a new a new restaurant in North Dakota. The initial costs of opening the business is $7.9,million. The firm estimates a 27% probability of high demand for the new food. In this case New Food Inc. will receive annual cash flows of 12.5 million for the next 2 years. The firm estimates a 50% probability of medium demand. In this case the company expects to receive annual cash flows of $6.4million for 2 years. There is also possible that the demand will be low and the annual cash flows will be only $1.9 million for 2 years. The company's cost of capital is 10.88 percent.

Initial outlay in millions	Probability	Cash flow Year 1 in millions	Cash flow Year 2 in millions
	27%	12.5	12.5
7.9	50%	6.4	6.4
	Please calculate it	1.9	1.9

Calculate expected NPV of the project.

Calculate the answer in millions. Round the answer to two decimals.