You are evaluating a project with the following expected cash flows: an initial investment of $9 million, followed by cash flows of $6, $8 and $15…

You are evaluating a project with the following expected cash flows: an initial investment of $9 million, followed by cash flows of $6, $8 and $15 million in years 1, 2 and 3, respectively. If the company’s WACC is 15%, what is this projects NPV?