Cliff Corporation (CC) has a current value of $110,000 and is expected to be worth $150,000 in one year based on its current projects. Additionally,CC also has a potential new project that costs $50,000 and will return $60,000 next year, but the CC does not have the money to invest and must raise it from outside investors. However, outside investors mistakenly believe the CCwill be worth $120,000in one year without the new project and $170,000with the project. The appropriate discount rate for CC and the new project is 6% annually.Does the project have a positive NPV? Acting on behalf of existing shareholders, should you take the project?