The National Grid Corporation proposes to construct a new nuclear power plant to meet the increased demand for electricity. The plant will cost $2.2 billion to build. Cash flows provided by the plant will amount to $300 million per year for 15 years. At the end of year 15, the plant will be decommissioned. The cost of decommissioning is estimated to be $900 million. Calculate the projects NPV if the discount rate is 5%.

Answer $[a]: