A firm is considering investment in a capital project which requires the initial investment of $1,000,000 and will generate the cash inflow of $500,000 each year for three years. The return on the market is 18% and the risk-free rate is 6%. The project has a risk index of 1.5. The firm uses the following equation to determine the risk adjusted discount rate (RADR) for the project: RADR = Risk-free rate + Risk Index (Return on market Risk-free rate) What are the project's RADR and net present value (NPV) using RADR as the discount rate?