You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars).

Year from Now After-Tax CF

0 -20

1-9 10 per year

10 20

The project's beta is 1.7. Assuming that the risk-free rate is 9% and the expected rate of return on the market portfolio is 19%. What is the net present value of the project? Your answer should be in millions of dollars and accurate to the hundredth. For example, if your answer is 3.478 million dollars, then type in 3.48.