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5. (7 points) The Aspen Industrial Company is expanding their production to a new geographic area. The initial outlay including working capital adjustments for the project is $10,000,000 and the year 1 cash flow is expected to be a negative $2,200,000. The year 2 cash flow is expected to be $1,200,000. The cash flow is expected to grow by approximately 8% for year 3 and a constant 4% peryear are calculating the terminal value as an ongoing concern (perpetuity). What is the NPV of the project if the required rate of return is 14% and should it be accepted? beyond that. As the company has no intention of ending the project, they