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Great Lakes Clinic has been asked to provide exclusive healthcare services for next year's World Exposition. Although flattered by the request, the clinic's managers want

Great Lakes Clinic has been asked to provide exclusive healthcare services for next year's World Exposition. Although flattered by the request, the clinic's managers want to conduct a financial analysis of the project. There will be an up front cost of $160,000 to get the clinic in operation. Then net cash inflow of $1m million is expected from operations in each of the ther two years of the exposition. However, the clinic has to pay thed organizers fee, which must be paid at the end of the second year, is $2 million. What are the cash flows associated with the project? (b) What is the project's IRR? (c) Assuming a project cost of capital of 10 percent, what is the project's NPV

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