You are a manager at Northern Fibre, which is considering expanding its coperations in synthotic fibre manufacturing. Your boss comes into your office, drops a consultant's report on your desk; and complains, Wo owe these consultants $1.1 milion for this report, and I am not sure their analysis makes sense. Before we spend the $18 milion on new equpment needed for this project, look 2 over and give me your opinion." You open the report and find the following estimates (in millions of dollars): b. If the cost of capital for this project is 12%, what is your estimate of the value of the new project? Value of project =$ milion (Round to three decimal places.)