PC Shopping Network may upgrade its modem pool. It last upgraded 2 years ago (i.e., at t=-2), when it spent $75 million on equipment with an assumed life of 5 years. The firm uses straight-line depreciation over the life of the old equipment. The old equipment can be sold today for $80 million. A new modem pool can be installed today for $150 million. This will have a 3-year life and will be depreciated to zero using straight-line depreciation. The new equipment will enable the firm to increase sales by $34 million per year and decrease operating costs by $17 million per year. At the end of 3 years, the new equipment will be worthless. Assume the firms tax rate is 30% and the discount rate for projects of this sort is 15%. (Express all answers in $millions after rounding up to two decimal places. E.g., if your answer is -$10,500,000, then write -10.5.)

What is the NPV of the project?