Plowman's Pushcarts is considering licensing the technology to manufacture a new solar powered pushcart. If Plowman decides to undertake the project, they will spend $2 million immediately to license the technology and build a prototype. This will take 1 year to complete. If the prototype works out (40% probability), they will spend $5 million in Year 1 to build a manufacturing facility. This will take a year to complete. If the prototype doesn't work out (60% probability), they will abandon the project and not build a manufacturing facility. Once the manufacturing facility is built, then cash flows will be $11.0 million per year for 4 years starting in Year 2 if there is good market acceptance (70% probability). Cash flows will be $4 million per year if there is poor market acceptance (30%). Plowman's WACC is 10%. Hint: You'll need to draw a decision tree. Calculate the project's expected NPV (ENPV) in $millions $5.86 $8.57 $7.08 $7.79 $6.44