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3. Your firm has a business opportunity to expand into North Korea. The North Korean government contract will pay $16 million at the end of

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3. Your firm has a business opportunity to expand into North Korea. The North Korean government contract will pay $16 million at the end of the first year, $18 million at the end of the third year, and $25 million at the end of the 10th year. Being a highly risky proposition, you estimate that your firm would need to earn a 35% annual return on this project. What is the most your firm should invest in the venture? (show your timeline and all values used to compute the total)

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