Jos is considering buying a business on December 31, 2016. The business is for sale for $14,000,000. Jos hired Maria to analyze if $14 million is a fair price for this business. 1. Maria will determine the maximum price Jos should be willing to pay. After a thorough analysis of the food distribution industry in Puerto Rico and projecting potential sales and expenses of the company, Maria developed the following projections of future cash flows for the company: From 2017 to 2022 the company would generate an end of year cash flow of . From 2023 onward, the company would generate an end of year cash flow of rmined according to the risk of investing in the food distribution industry $1,000,000 annually $1,500,000 annually Mary dete the effective annual rate that should be the required rate of return for the project. Would you recommend that Jos buy the business for S14 million? Explain why or why not