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Assume SAP Inc. received a $1 million grant under its Small Business Innovation program SAP invested the grant money and developed a system to remove

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Assume SAP Inc. received a $1 million grant under its Small Business Innovation program SAP invested the grant money and developed a system to remove metal contaminants from storm water in shipyards the finestimates that each shipyard spends 5500,000 a year on storm water dean-up effort. If SAP is able to sign up and retain four shipyard from the first year onwards, what is the present value (PV) of the project (not of investment of the cost of capital for SAP is 17% per year? Assume a cost of operations and other costs for SAP equal 60% of revenue O A $408 million OB. 4 million OC. $3.71 million OD. $4.82 million

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