Please answer 8.17. 8.13/14/16 is shown for information to solve 8.17. 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 S4 million will be needed every 3 years to update the plant. The plant is expected to start producing gears 2 years 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. Ans. CFo--$10000000, CF-CF2-0, CF$6000 000, CF CF CF CFs-CF-CF 8.13 CFi,-CF14-a $3 000 000, CF,-CF,-CF12-CF1s -$10000000 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 336645.33