Microsoft Corporation is considering investing in a new software development project. The project requires an initial investment of $10 million in equipment and research costs. It is expected to generate net cash flows of $3 million per year for the next 5 years. At the end of the project's life, the equipment is expected to be sold for $1 million. Additionally, the project will require ongoing operating expenses of $1 million per year. The company's cost of capital is 10%. Calculate the net present value (NPV) of the project and provide a recommendation to Microsoft Corporation.