7. Problem: NPV (3 parts) Delta Incorporated uses the NPV decision rule for their projects. You are anlayzing a project that will have an initial investment (year 0, negative cash flow) of 157.500. After that, you expect positive cash flows for the following years, year 175,000 year 2 87000 year 3.42,000 a. If Delta requires a return of 9%, what is the NPV of this project (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) NPV b. What is the formula you used to arrive at your answer Enter the number next to the formule you used on your formula sheet Formula number NPV b. What is the formula you used to arrive at your answer Enter the number next to the formula you used on your formula sheet Formula number 3.58 c. Do you accept or reject the project Enter the word Accept or Reject (case sensitive) Accept of Reject