5.The following data pertain to a project being evaluated by VeriMax. Would you accept the project if it requires up-front costs of $8.9 million and pays end of year annual cash flows of $3.0 million for three years? The project discount rate is 7 percent.

A)No; The NPV of the project is a negative $1.03

B)No; The NPV of the project is a negative $2.03

C)Yes; the NPV of the project is a positive $0.10

D)Yes; the NPV of the project is a positive $1.03