Consider the following expected net cash flows for a project: Year Expected NCF Certainty Equivalent Factor Certainty Equivalent Cash Flows 0 $(100,000) 1.0 1 80,000 0.5 2 60,000 0.5 3 70,000 0.5 0.6 4 4 10,000 0.4 5 10,000 Your boss wants you to calculate the NPV of this project and says to use the annual risk-free rate of 3% as a discount rate. However, you realize that there is risk in this project, and you decide to account for this in the NPV calculation You decide to use a certainty equivalent approach and establish certainty equivalent factors for each expected cash flow. Using the CE approach, re- calculate the expected) NPV for this project