Liz is an auto maker company. The increased competition led to a drop in Liz's sales growth from 26% in 2021 to 17% in 2022 . The present time is January 10,2023 , the company secured $3.5 billion in financing over the next three years, signalling a commitment to launching 20 new electrical vehicle models by 2027. Investment Details: Initial investments include $800 million in the first year for technology acquisition and $20 million annually for the next four years for technology development. Returns, starting from the fifth year, are projected at $200 million annually. Cost of Debt: Contemplating raising debt with an after-tax cost of debt for Liz at 8%. Considering variations in the after-tax cost of debt based on different scenarios. Considering the possibility of inflation by incorporating an expected inflation rate of 3% in analyses. While the project is expected to increase sales and profit margins, it requires a heavy initial investment. Using the net present value (NPV) methodology, evaluate this project. Analyze the scenario if Liz sells the technology to another automaker by the end of the 12th year for $100 million. EXHIBIT 1: TIMELINE OF CASH FLOWS (IN US\$ MILLIONS)