Your company has developed a new energy drink and you are trying to decide whether to sell the recipe, or make and distribute it yourself.

A company will pay you $10 million for the recipe.

If your company makes the drink itself, it will cost $12 million to build a factory and distribution network.

Your analytics and marketing teams tell you there is a 35% chance the market response will be great, a 45% chance the market response will be decent with gross earnings of $15 million, and a 20% chance the market response will be poor with gross earnings of $5 million.

If the market response is great, there is a 20% chance the drink will be the new fad and you will make gross earnings of $50 million, a 60% chance the gross earnings will be $40 million, and a 20% chance the gross earnings will be $20 million.

What is the expected value from the Perfect Information Tree (just the perfect information tree, not EVPI).

Please put your answer in units of $millions, and round to 2 decimal places. For example, if the answer is 1,250,000, you enter it as 1.25