QUT Corporation can invest $5 million in a new production plant.After construction of the plant, the price and the incremental increase in quant sold wil be either $2.5 and 6 Million in case of a boom, or $1.5 and 3 Million in case of a bust.There is a 40% probability of boom and 60% probability of bust.The plant has an expected life of 5 years.Incremental fixed costs are $2 million a year, and variable costs are $1 per quantity sold.The plant will be depreciated under the prime cost method, and a salvage value is $1 million.The opportunity cost of capital is 12% and tax rate (T) is 40%.What is the project's NPV under the baseline assumptions?(Your answer should be in millions.Round to the nearest hundredth.e.g., 55.16666 must be expressed as 55.17).