Directions: You must use a pencil! Round amounts in dollars to the nearest cent, i.e., ($0.01) unless otherwise indicated. Question 1 is worth 3 points. You must SHOW all relevant calculations to receive full credit. .C. 1 Sheffield Steelworks, Ltd. is evaluating a certain investment project. Details on this project are provided below. Initial Investment Annual After-Tax Cash Flow Project Life Discount Rate $2 million $481,000 7 years 13.5% The relevant PVIFA equals This project's NPV equals The equivalent annual annuity is then