(b) Assume cash flows of a multinational company as follows: Initial cash outlay of Kshs. 20,000,000. The expected cash inflows associated with the company for the first to the fourth year are kshs: 3,315,000;2,295,000;4,275,000; and 8,315,000 respectively. The salvage value of the project in the fifth year is Kshs. 2,500,000 and the cost of capital is provided as 16%. Required: Determine whether the MNC should accept or reject the project. (8 Marks)