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Please rate to three decimal places! Will upvote! River Rocks, Inc., is considering a project with the following projected free cash flows: 0 1 2

Please rate to three decimal places! Will upvote!image text in transcribed

River Rocks, Inc., is considering a project with the following projected free cash flows: 0 1 2 3 4 Year Cash Flow (in millions) - $50.1 $9.8 $19.6 $19.7 $14.8 The firm believes that, given the risk of this project, the WACC method is the appropriate approach to valuing the project. RiverRocks' WACC is 11.3%. Should it take on this project? Why or why not? Year 0 1 2 3 4 O C. Cash Flows (millions) - $50.1 -$9.8 - $19.6 - $19.7 - $14.8 Year 0 1 2 3 4 D. Cash Flows (millions) - $50.1 $9.8 $19.6 $19.7 $14.8 Year 0 1 2 3 4 The net present value of the project is $ million. (Round to three decimal places.)

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