Martin Development Co. is deciding whether to proceed with Project X. The cost would be $10 million in Year 0. There is a 50% chance that X would be hugely successful and would generate annual after-tax cash flows of $5 million per year during Years 1, 2, and 3. However, there is a 50% chance that X would be less successful and would generate only $3 million per year for the 3 years. If Project X is hugely successful, it would open the door to another investment, Project Y, that would require $8 million outlay at the end of Year 2. Project Y would then be sold to another company at a price of $19 million at the end of Year 3. Martin's WACC is 12%...... >>>>>>a.) If the company does not consider real options, what is Project X's NPV? (Round your answer to two decimal places. If the answer is negative, use minus sign.)