Your company is deciding whether to invest in a project which uses a new material in one of your existing products. $4 million had been spent in developing this new material. The project will cost $50 million initially, have a life of 5 years, and generate sales of $20 million each year during its life. Each year you need 20,000 kgs of the new material, which costs now $250 per kg to produce. The cost of producing the new material will increase by 5% per year. The cost of capital is 10% for this business. The tax rate is 35%. The capital investment can be depreciated linearly over the life of the project. What is the NPV of the project?