Class Example 5 The NPV of a new video game, Dexa 1, is-1.5 million after discounting all 2 is a possible follow-on opportunity in two years. In two years it will cost 10 million to start Dexa 2, which will produce 9 million of cash flow in year 2. Nd1)- 0.5785 and N(d2)-0.1755. The annual interest rate is 11 percent and equals the risk-free rate. What is the Dexa 1 APV