The Sopwith Aviation Compary is considering bullding a new short-range commuter jet, code named 'Sky Streak'. The aircraft's engines will be powered by a new green enerby source: high-tension elastomer. The project is expected to last three vears: Selected cish 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 Flows for the 'Sky Streak' Project (S000,000s) 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 fiaison, human resources, and legal services. In the last fiscal year, head olfice accounted for approximately 19% of Sopwith's total employment. The table, below, shows Sopwith's sales, employment and head olfice costs for the most recent fiscal vear (without Sky Streak) and a forecast of the levels with the Sky Streak project. Since Sky Streak is projected to account for 8% of Sopwith's total sales, Eamon argues that Sky Streak, thould 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 these 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 placesi)