TruSport, a sports equipment manufacturer has a contingent liability that has been realized this year. The contingent liability caused TruSport to have a net tax loss of $25 million for the year. TruSport can carry the loss back for 2 years. Two years ago, Trusport had a net profit of $15 million, and one year ago, Trusport had a net profit of $5 million. What is the refund for this year, and what is TruSport's NOL carry-forward?
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