A company has net income of $3 million, and it has 1 million shares outstanding. The company is expected to undertake two new projects. Project A will start from today, while project B will initiate 3 years from today. Project A will have a three years of life. The initial investment in project A is $1 million, and year 1, year 2 and year 3 cash flows are $500,000, $800,000 and $600,000 respectively. The initial investment in project B is $5 million. After that, project B is expected to provide a yearly cash inflow of $1.5 million in perpetuity (the first cash inflow of $1.5 million will occur one year after the initial investment). You estimate that the required rate of return is 12%. Using the NPVGO model, estimate the value of the stock today.