5600,000 in Year 0 . The expected cash flows and standard deviations are as follows: The firm's WACC is 16 percent and the risk-free rate is 6 percent. The analyst develops the following CEFs. What are the project's NPV and its CE(NPV)? 3. A company wants to replace a machine with a modern, more efficient of with a longer life expectancy. The equipment requires an initial investoef 5600,000 in Year 0 . The expected cash flows and standard deviations are as follows: The firm's WACC is 16 percent and the risk-free rate is 6 percent. The analyst develops the following CEFs. What are the project's NPV and its CE(NPV)? 3. A company wants to replace a machine with a modern, more efficient of with a longer life expectancy. The equipment requires an initial investoef