- M. VP Games, Incorporated, has hired you to perform a feasibility study of a new video game that requires an initial investment of $6.6 million. - The company expects a total annual operating cash flow of $1.26 milion for the next 8 years. - The relevant discount rate is 9 percent. - Cash flows occur at year-end. - After one year, the estimate of remaining annual cash flows will be revised either upward to $2.16 million or dowmward to $281,000. - Each revision has an equal probability of occurring. - At that time, the video game project can be sold for $2.56 million. b. What is the revised NPV given that the firm can abandon the project after one year? $717,054 $687356 $734,691 $715214