Question: Intel is thinking about introducing a new line of chips. Based on Intel's analysis, it estimates the cash flows (in millions) from the new line

Intel is thinking about introducing a new line of chips. Based on Intel's analysis, it estimates the cash flows (in millions) from the new line of chips would be as follows:

Year 0: -17

Year 1: 2

Year 2: 3

Year 3: 5

Year 4: 6

Year 5: 7

Intel has a cost of capital of 12%. What is the NPV of this project? (Enter your answer in millions. i.e. 5.5 million, not 5,500,000)

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