Northwestern College is building a new science building. The initial costs are: $3 million each quarter for the next three years starting three months from now. Starting three years from today, the new science building can bring in an additional $3 million every year for the next 20 years.

What is the correct interest rate to use for the initial costs (i.e. cash outflows)? Express your answer as a percentage rounded to two decimal places. (i.e. 6.538% would round to 6.54%)

[A]%

What is the correct interest rate to use for the extra revenue (i.e. cash inflows)? Express your answer as a percentage rounded to two decimal places. (i.e. 6% should be written as 6.00%)

[B]%

How many cash outflows are there in the NPV calculation? Express your answer as an integer.

[C]

What is the present value of cash outflows of this project? Your answer should be expressed in the millions of dollars. DO NOT use a dollar sign, and keep four digits after the decimal point.

$[D] million

What is the present value of cash inflows of this project? Your answer should be expressed in the millions of dollars. DO NOT use a dollar sign, and keep four digits after the decimal point.

$[E] million

Should the new science building be built according to the NPV rule? Your answer should be either Y or N without the quotation mark.