Question: Your company is considering a project that requires an initial investment of $13 million, and is expected to produce cash flows of $4 million each

Your company is considering a project that requires an initial investment of $13 million, and is expected to produce cash flows of $4 million each year for 10 years. At the end of year 11, the project will require site cleanup that is expected to cost $15 million. What is the project NPV if the company uses 10% as its cost of capital?

Enter answer in millions, to two decimal places.

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