SSC is considering another project: the introduction of a "weight loss" smoothie. The project would

require a $$3$ million investment outlay today $(t=0).$ The after$-$tax cash flows would depend on

whether the weight loss smoothie is well received by consumers. There is a $40\%$ chance that demand

will be good, in which case the project will produce after$-$tax cash flows of $$2\mathrm{.}2$ million at the end of

each of the next $3$ years. There is a $60\%$ chance that demand will be poor, in which case the after$-$tax

cash flows will be $$0\mathrm{.}52$ million for $3$ years. The project is riskier than the firm's other projects, so it

has a WACC of $11\%.$ The firm will know if the project is successful after receiving the cash flows the

first year, and after receiving the first year's cash flows it will have the option to abandon the project. If

the firm decides to abandon the project the company will not receive any cash flows after $t=1,$ but it

will be able to sell the assets related to the project for $$2\mathrm{.}8$ million after taxes at $t=1.$ Assuming the

company has an option to abandon the project, what is the expected NPV of the project today? Do not

round intermediate calculations. Round your answer to two decimal places. Enter your answer in

millions. For example, an answer of $$10,550,000$ should be entered as $10\mathrm{.}55.$

$$,Q$ million