You are considering making a movie. The movie is expected to cost $10.3 million up front and take a year to produce. After that, it is expected to make $4.8 million in the year it is released and $2.1 million for the following four years.

What is the payback period of this investment?

If you require a payback period of two years, will you make the movie (No or Yes)?

Does the movie have positive NPV if the cost of capital is 10.4%?

If the cost of capital is 10.4% the NPV is $____ million (round to two decimal places).