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Apple wants to enter the car industry with a self-driving vehicle. To do so, their estimation shows that they need $32 million to start the

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Apple wants to enter the car industry with a self-driving vehicle. To do so, their estimation shows that they need $32 million to start the project. It is expected that an additional investment of $0.8 million in year 3 and an investment of $3 million in year 6 will be needed. Annual operating cost will be $ 3.7 million starting at year 1. The Annual revenues will be $ 15.8 million starting at year 1, and is expected to increase by 4% every year Additional Investme investmen Net cash Determine the NPV of this project. nt Expense Revenue flow 10

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