Great Lakes Clinic has been asked to provide exclusive healthcare services for next year's World Exposition. Although, flattered by the request, the clinics managers want to conduct a financial analysis of the project. An up-front cost of $160,000 is needed to get the clinic in operation. Then, a net cash inflow of $1 million is expected from operations in each of the two years of the exposition. However, the clinic has to pay the organizers of the exposition a fee for the marketing value of the opportunity. This fee, which must be paid at the end of the second year, is $2 million.

a. what are the net cash flow associated with the project?

b. what is the project