Delta is 13.2%, but he can't recall how much Green Caterpillar originally invested in the project nor the project's net present value (NPV). However, he found a note that detailed the annual net cash flows expected to be generated by Project Delta. They are: Year Cash Flow Year 1 $2,400,000 Year 2 $4,500,000 Year 3 $4,500,000 Year 4 $4,500,000 The CFO has asked you to compute Project Delta's in tia investment using the information currently available to you He has offered the following suggestions and observations: A project's IRR represents the return the project would generate when its NPV is zero or the discounted value of its cash inflows equals the discounted value of its cash when the cash flows are discounted using the project's IRR. The level of risk exhibited by Project Delta is the same as that exhibited by the company's average project, which means that Project Delta's net cash flows can be discounted using Green Caterpillar's 9% WACC. Given the data and hints, Project Delta's initial investment is and its NPV is $11,938,112 (rounded to the nearest whole dollar). $11,618,551 $13,329,689 $11,474,565 A project's IRR will if the project's cash in mcrease, d everything else is unaffected