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FIN 302 Fundamentals of Finance Juan Dominguez | 10/26/19 8:26 PM Homework: Homework #7 Save Score: 0 of 1 pt 8 of 16 (12 complete) HW Score: 59.38%, 9.5 of 16 pts X Instructor-created question Question Help The Miller Corporation is considering a new product. An outlay of $193 million is required for equipment to produce the new product and additional net working capital of $16 million is required to support production. The equipment will be depreciated on a straight-line basis to a zero book value over 7 years. Although the depreciable life is 7 years, the project is expected to have a productive life of only 5 years, and it is expected to have a zero salvage value at that time (scrap value = removal cost). Revenues minus expenses are expected to be $52.901 million per year for the productive life of the project. The corporation's marginal tax rate is 26% and the cost of capital for this investment is 14.5%. Compute the NPV of Miller's potential new product. (In $millions with 3 decimals.) $ million