Please answer 8.16. The 8.13 and 8.14 have information to olve 8.16, Can i please see the steps? Thank You!

A new plant to produce tractor gears requires an initial investment of $10 million. It is expected that a supplemental investment of $4 million will be needed every 3 years to update the plant. The plant is expected to start producing gears 2 ycars after the initial investment is made (at the start of the third year). Revenues of $5 million per year are expected to begin to flow at the start of the fourth year. Annual operating and maintenance costs are expected to be $2 million per year. The plant has a 15-year life. List the annual cash flows. 8.13 CFs-CFi- $3000000, CFo CF CF12-CFi-$1000 000 8.14 what is the NPV of the plant in Problem 8.13 if the interest rate is 10% per year, compounded annually? Ans. -$5 336 645.33