You are planning to issue debt to finance a new project. The project will

require $$20$ million in financing and you estimate its NPV to be $$14$

million. The issue costs for the debt will be $2\mathrm{.}6\%$ of face value. Taking

into account the costs of external financing, what is the NPV of

the project?

The new NPV will be $ million. $($Round to three decimal places.$)$