Question: A company is adding a new assembly line at a cost of $11 million. The company expects the project to generate cash flows of $7

A company is adding a new assembly line at a cost of $11 million. The company expects the project to generate cash flows of $7 million, $6 million, $9 million, and $2 million over the next four years. Its cost of capital is 17.8 percent. What is the net present value of this project (in millions to three decimal places)?

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