You are a manager at Northem Fibre, which is considering expanding its operations in synthetic fibre manufacturing. Your boss comes into your office, drops a consultan's report on your desk, and complains, "We owe these consultants $1.8 million for this report, and I am not sure their analysis makes sense. Before we spend the $17 million on new equipment needed for this prot, kook over and give me your opinion. You open the report and find the following estimates in milions of dollars) 1 2 9 10 Sales revenue 35,000 35.000 35.000 35.000 Cost of goods sold 21.000 21.000 21.000 21.000 Grow profa 14.000 14.000 14.000 14.000 - O ales, and more expenses 10 1360 1.300 1.300 -Depreciation 1.700 1.700 1.700 1.700 No perting wome 10.000 10.000 10,0400 10.9400 -income tax 3.829 3.829 3.829 3.820 Not income 7.111 7111 7111 of the cost of capital for this project is 12%, what is your estimate of the value of the new project Value of project Smilion Round to redecimal places.)