Company ABC is considering an international investment project in a region known for its political instability. The project is expected to generate annual cash flows of $1,500,000 for the next six years. Without considering political risk, the company's cost of capital is 10%. However, due to the perceived political risk, there is a 20% chance of a 10% reduction in cash flows in any given year. Calculate the Net Present Value (NPV) of the investment project both before and after incorporating political risk by adjusting the expected cash flows. Show your calculations for both scenarios.

Company ABC is considering an international investment project in a region known for its political instability. The project is expected to generate annual cash flows of $1,500,000 for the next six years. Without considering political risk, the company's cost of capital is 10%. However, due to the perceived political risk, there is a 20% chance of a 10% reduction in cash flows in any given year. Calculate the Net Present Value (NPV) of the investment project both before and after incorporating political risk by adjusting the expected cash flows. Show your calculations for both scenarios