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You have found an investment opportunity. The opportunity costs $5 million today and it will generate the following free cash flows over the next five

You have found an investment opportunity. The opportunity costs $5 million today and it will generate the following free cash flows over the next five years:

Time 1 2 3 4 5
FCF 1.2 1.7 2.4 3.5 4.2

Starting from year 6, the FCFs will grow at a constant rate of 1.5% forever. If the project WACC is 3%, what is the NPV of the project?

Answer in Million dollars and round to the first two decimal places.

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