Question: 2. You are evaluating a project with the following expected cash flows: an initial investment of $11 million, followed by cash flows of $4, $8

2.

You are evaluating a project with the following expected cash flows: an initial investment of $11 million, followed by cash flows of $4, $8 and $22 million in years 1, 2 and 3, respectively. If the company's discount rate is 19%, what is this projects NPV?

Enter your answer in millions of dollars, with no decimals. For example, if your answer is $12,345,678.90, you should enter 12.

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