A mining company is considering a new project. Because the mine has received a permit, the project would be legal; but it would cause significant harm to a nearby river. The firm could spend an additional $$10\mathrm{.}66$ million at Year $0$ to mitigate the environmental problem, but it would not be required to do so$.$ Developing the mine $($without mitigation$)$ would require an initial outlay of $$66$ million, and the expected cash inflows would be $$22$ million per year for $5$ years. If the firm does invest in mitigation, the annual inflows would be $$23$ million. The risk$-$adjusted WACC is $14\%.$