A 30 year project is estimated to cost $35 million and provide annual cash flows of $5 million per year in years 1-5; $4 million per year in years 6-20 and $2 million per year in years 21-30. If the company's required rate of return is 10%, determine the NPV. Select one: a. $1.67 million b. $2.67 million c. $4.67 million d. $3.67 million e. $0.67 million Save response By definition, a project's required rate of return when a project's NPV equals 1 represents the project's internal rate of return. Select one: True False Save response