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12. A company will receive the following after-tax incremental cash flows from a project that requires an initial investment of $10,000,000. What is the NPV

12. A company will receive the following after-tax incremental cash flows from a project that requires an initial investment of $10,000,000. What is the NPV of the project, given a cost of capital of 15%?

Year 1

Year 2

Year 3

Year 4

Cash Inflow to Parent

$2,700,000

$2,700,000

$3,420,000

$7,280,000

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