22. Folly Industries, a consumer product firm in cosmet- ics and appliances, is in serious fiscal trouble and is unable to meet its debt obligations. It is considering whether to divest itself of its cosmetic division, which is projected to have the following expected cash flows for the next five years. Year 1 2 3 4 Expected Cash Flow $10 million 12.5 million 15 million 17.5 million 120 million 5 The cost of capital for the division is 12.5%. Refer to Chapter 15, Problem 22. A third party has made an offer to purchase the division for $150 million. You should reject this offer. This statement is: True False