We have the knowledge that the risk free rate, the risk premium and the beta are .05, .07 and 1.5 respectively. Additionally, we spend $2.8 million at the beginning to do a marketing campaign and we supplement it 3 years later with a $ 2.3 million expenditure. The cash flows are EBIT $1.2, interest $.2, depreciation is $.5 million and the income tax rate is .4 for the first 3 years. The cash flow goes to $1.6, interest to $.6 and depreciation to $.6 million for the next 7 years. Compute the net present value of this project.