(Related to Checkpoint 19.3) (International capital budgeting)An American firm is considering a new project in the country of Geeblaistan. This new project will produce the following cash flows:

Year Cash Flow (in millions of BLAs)

0 -18

1 6

2 6

3 5

4 3

measured in BLAs, the currency of Geeblaistan, which are expected to be repatriated to the parent company in the United States.In addition, assume the risk-free rate in the United States is 6 percent, and that this project is riskier than most and, as such, the firm has determined that it should require a premium of 11 percent over the risk-free rate. Thus, the appropriate discount rate for this project is 17 percent. In addition, the current spot exchange rate is 0.9295BLA/$, and the 1-year forward exchange rate is 0.9954BLA/$.

What is the project's NPV?

The project's NPV is $______million. (Round to two decimals places.)