EZJET has a capital structure of 60 percent debt and 40 percent equity. Debt can be issued at a return of 12 percent, while the cost of equity for the airline is 16 percent. EZJET is considering a $100 million expansion of its maintenance facility. The project has the same risk as the firm overall and will earn $20 million per year for eight years. What is the net present value of the expansion if the tax rate facing the firm is 35 percent?