A 4-year project, X, with an upfront cost of $20 million is expected to yield the following series of cash flows: $3.60 million in year one, $4.20 million in year two, $5.70 million in year three, and $7.80 million in year four. At the end of year four, the project's assets will be liquidated and sold for a net cash flow of $9.20 million. The required rate of return on the project is 14%. 1. Calculate the NPV of the project and use the NPV decision rule to decide whether to invest in the project. 2. Calculate the PI of the project and use the PI decision rule to decide whether to invest in the project