A flood control project has construction costs during the first year of $15 million, during the second year of $6 million, and during the third year of $1 million. It is completed at the end of the third year and thereafter incurs an annual operating cost of $0.2 million per year (the operating cost starts at the end of year 4). Benefits from the project begin during year 5 and are valued at $1.5 million in that year, growing at a 0.02 compound rate of increase out to the planning horizon (analysis period) of 50 years. The interest rate is 0.06. What is the present worth of cost