QUT Corporation can invest $5 million in a new production plant. After construction of the plant, the price and the incremental increase in quantity sold will be either $2.5 and 6 Million in case of a boom, or $1.5 and 3 Million in case of a bust. There is a 40% probability of boom and 60% probability of bust. The plant has an expected life of 5 years. Incremental fixed costs are $2 million a year, and variable costs are $1 per quantity sold. The plant will be depreciated under the prime cost method, and a salvage value is $1 million. The opportunity cost of capital is 12% and tax rate (T) is 40%. What is the project's NPV under the baseline assumptions? Show all work to receive marks. No marks will be given for answers without justification. (Your answer should be in millions. Round to the nearest hundredth. e.g., 55.16666 must be expressed as 55.17).