You are a manager at Northern Fibre, which is considering expanding its operations in synthetic fibre manufacturing Your boss comes into your office, drops a consultant's report on your desk and complains, "We owe these consultants 51.2 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 project, look it over and give me your opinion. You opon the report and find the following estimates in millions of dollars) 1 2 10 Salos revenue 20.000 20.000 20.000 26.000 - Cost of goods sold 15.000 15,600 15.600 15,600 Gross profit 10.400 10.400 10.409 10.400 - General, sales, and administrative expertos 1.300 1.300 1.360 1.360 - Depreciation 1.700 1.700 1.700 1.700 Net operating income 7.3400 73100 7 3400 73400 -Income tax 2.569 2569 2.569 2.569 D. If the cost of capital for this project is 14%, what is your stimate of the value of the new project? Valuo of project = s[millon (Round to three decimal places:)