Next Page Page 1 of 3 Question 1 (1 point) What is the simple (undiscounted) payback period in years for a $100,000 project with expected cash flows of $20,000 each of the first two years and $11,000 for each year after. Your Answer: Answer Question 3 (1 point) A firm is considering a potential investment project that would result in an immediate loss in free cash flow of $103 Million, but would generate positive free cash flow of $7 Million next year. The firm expects the free cash flow produced by the project to grow annually at 3% forever. The firm's weighted average cost of capital (WACC) is 7%. What is the NPV of the project? [Enter your answer in millions of dollars rounded to two decimal places. For example, if your answer is - 1.23 Million, then enter just - 1.23 in the answer box.] Your Answer: Answer Net Dag Page 1 of 3