A company has to make a decision about expanding its production facilities. Research indicates that the desired expansi would require an immediate outlay of $90000 and an outlay of a further $80000 in 5 year. The net cash returns are shown below. find the net present value of the project. According to the net present value criterion, should the expansion project be undertaken if the required rate of return is 10% ? year 1 to year 8 = $22000 per year year 9 to year 12 = $18000 per year