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A project requires an initial investment of $27.41 million to buy new equipment, and will provide cash flows for 4 years. After 4 years, the

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A project requires an initial investment of $27.41 million to buy new equipment, and will provide cash flows for 4 years. After 4 years, the equipment will be worthless. The expected annual sales due to the project are $50 million, expected annual costs are $38 million and annual depreciation is $5 million. The appropriate cost of capital for the project is 12%. The company's tax rate is 23% PERT1 1 A 1 Attempt 1/20 for 10 pts. What is the project's annual cash flow in years 1 to 4 (in $ million)? Attempt 1/20 for 10 pts. What is the project's internal rate of return? What is the NPV of the project (in $ million)

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