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. A firm is considering a project that requires 6 million to build a new product line, which will last for 3 years. Its annual

. A firm is considering a project that requires 6 million to build a new product line, which will last for 3 years. Its annual free cash flows are 2 million, 5 million, and 3 million in Year 1, 2, and 3, respectively. Assume the annual discount rate is 12%. The NPV of this project is closest to: (4 marks) A. 1.11 million B. 1.91 million C. 2.51 million D. 2.91 million

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