Based upon the following cash flows, Using NPV should Chipper Nipper Cookie Company introduce a new product, Rolling In Dough Pies? The initial investment is $180,000, and the cost of capital is 11.5%. Years Cash Flows 1 $ 80,000 2 $ 95,000 3 $ 95,000 4 $110,000 5 $110,000 6 $110,000 (7 marks) Assume a discount Rate of 11.5% Year After Tax Cash Flows Discounted Cash Flows 0 (Initial Outlay) $ 180,000.00 -$10,000/1.115 $ 180,000.00 1 $ 80,000.00 $80,000/1.115^1 = $ 71,748.87 2 $ 95,000.00 $95000/1.115^2 = $ 76,414.16 3 $ 95,000.00 $95000/1.115^3 = $ 68,532.88 4 $ 110,000.00 $110,000/1.115^4 = $ 71,169.38 5 $ 110,000.00 $110,000/1.115^5 = $ 63,829.04 6 $ 110,000.00 $110000/1.115^6= $ 57,245.78 Net Present Value = Sum of the DCF = $ 228,940