Applied Nanotech is thinking about introducing a new surface cleaning machine. The marketing department has come up with the estimate that Applied Nanotech can sell 15 units per year at $410,000 net cash flow per unit for the next five years. The engineering department has come up with the estimate that developing the machine will take a $17 million initial investment. The finance department has estimated that a 25 Percent discount rate should be used. if unsuccessful, after the first year the Project can be dismantled and will have an after-tax salvage value of $11 million. Also, after the first year, expected cash flows will be revised up to 20 units per year or to 0 units, with equal probability. What is the revised NPV? Please show the calculations.