Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow profile shown in the table below. Imagineerings MARR is 18 %/year.

EOY	0	1	2	3	4	5	6	7
Cash Flows (M$)	-$12	-$1	$5	$2	$5	$5	$2	$5

a) What is the present worth of this investment (in millions)? (round to the nearest million)

b) What is the decision rule for judging the attractiveness of investments based on present worth? (If PW < 0, Accept; otherwise reject or if PW >0, Accept; otherwise reject)

c) should imagineering invest? (yes/no)