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PART 1. CAPitAl Budgeting. The table shows the incremental cash flow projections for an investment in new equipment that has an initial cost of $285

image text in transcribed PART 1. CAPitAl Budgeting. The table shows the incremental cash flow projections for an investment in new equipment that has an initial cost of $285 (in millions). Calculate the net present value of the project, using a discount rate of 6%. Assume no depreciation and salvage value of 100 million. 1. NPV: (35 points) 2. Would you recommend investing in this project? Why or why not? (4 points)

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