Please show in EXCEL using functions Epps, Inc., has a new project under consideration that will require an investment of $9.4 million today. If the project is successful, the cash flows will be $2.6 million for 15 years. If the project is unsuccessful, the cash flows will be $625,000 for 9 years. The required return is 15 percent. What is the minimum probability of success that will make the project acceptable to the company?
Cost today	$ 9,400,000
Cash flows if successful	$ 2,600,000
Years if successful	15
Cash flows if not successful	$ 625,000
Years if unsuccessful	9
Required return	15%				0