You are considering constructing a new plant to manufacture a new product. You anticipate that the plant will take a year

to build and cost $$95\mathrm{.}1$ million upfront. Once built, it will generate cash flows of $$15\mathrm{.}3$ million at the end of every year

over the life of the plant. The plant will wear out $20$ years after its completion. At that point you expect to get $$10\mathrm{.}4$ million

in salvage value for the plant. Using a cost of capital of $11\mathrm{.}7\%,$ calculate the NPV$.$ Assume the IRR is $13\%.$ Do the NPV

and IRR rules agree in this case?

Using a cost of capital of $11\mathrm{.}7\%,$ calculate the NPV$.$

The NPV is $ million. $($Round to two decimal places.$)$