You are considering a project with the following after-tax cash flows (in millions of dollars):

Years from Now After-tax CF

0 -50

1-4 10

5 30

Suppose the project is only financed by equity and its beta is 1.2. Given R_f = 3% and E(R_M) = 10%, youd use the CAPM to estimate the (equity) cost of capital.

What is the NPV of the project? ______ millions