The Sopwith Aviation Company is considering building a new short-range commuter jet, code named 'Sky Streak' The aircraft's engines will be powered by a new green energy source; high-tension etastomer, The project is expected to last threc vears, 5elected cash flows for the project are summarized in the table below. Sopwith's tax rate is 34% and its cost of capital is 12%. The NPV of the project is $242.86M. Selected Cash Hows for the "Sky Streak' Project (\$000,000s) The CFO of Sopwith, Eamon Wright, argues that fixed costs for the Sky Streak project should include an allocation for head office costs. Head office activities include communications, engineering, operations, finance, government liaison, human resources, and legal services. In the last fiscal year, head office accounted for approximately 19% of Sopwith's total employment. The table, below, shows Sopwiti's sales, employment and head office costs for the most recent fiscal vear (without Sky Streak) and a forecast of the levels with the Sky Streak project. Since Shy Streak is projected to account for 8% of Sopwith's total sales, Eamon argues that Sky Streak should include 8% of Sopwith's head office costs in the calculation of the NPV. Eamon argues as follows: "If none of Sopwith's projects include an allowance for head office costs, then how can those costs be covered?" Is Eamon's approach correct? What is the NPV for the Sky Streak project with head office costs properly included? (Express your answer in millions of dollars rounded to two decimal places.)