6) A company is considering a major construction project that will cost $130 million. The expected life of the project is 25 years, with a $5 million residual value. The project is expected to earn revenues of $51 million per year. Total expenses, including depreciation, are expected to be $41 million per year. The minimum acceptable rate of return for the company is 12%. Required: a) Determine the equal annual net cash flows from operating the project. b) Calculate the net present value of the project, using the Present Value of an Annuity of $1 table found on the last page of this assignment. Follow the format shown in the Practice Problems, Round to the nearest million dollars. c) Indicate whether you would recommend this project to management and why or why not