You are a consultant to a firm evaluating an expansion of its current business. The cash$-$flow forecasts $($in millions of dollars$)$ for the project are as follows:

Years Cash Flow

$0100$

$1-10+16$

On the basis of the behavior of the firm$$s stock, you believe that the beta of the firm is $1\mathrm{.}50.$ Assuming that the rate of return available on risk$-$free investments is $5\%$ and that the expected rate of return on the market portfolio is $13\%,$ what is the net present value of the project?