Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $74 million each year and expects these to grow at a rate of 0.05 each year. The upfront project costs are $724 million and Ford's weighted average cost of capital is 0.08. If the issuance costs for external finances arc $9 million, what is the net present value (NPV) of the project?
Round to nearest whole number. Give answer in millions without commas or dollar signs. Do not include the words millions. For example, write $34 million as 34