16.2.B.4 Question Help A company has to make a decision about expanding its production facilities. Research indicates that the desired expansion would require an immediate outlay of $110,000 and an outlay of a further $40,000 in 6 years. The net cash returns are shown below. Find the net present value of the project. According to the net present value criterion, should the expansion project be undertaken if the required rate of return is 5%? Year 1 to Year 7 Year 8 to Year 12 $17,000 per year $12,500 per year