Pls solve for the NPV and star your final answer

A B D EF G H 1 J L M N O 2 3 4 5 QUESTION # 3 (10 POINTS) Time Value of Money - Net Present Value Calculation Merck is a major pharmaceutical company located in Rahway, New Jersey. The firm is considering a new Covid-19 Vaccine Manufacturing Project at its facility in Fort Washington, Pennsylvania. The initial outlay would cost $14,000,000 with no remaining residual value at the end of project life, which is 4 years. The expected cash flow streams are: C1 = $9,000,000; C2 = $8,000,000; C3 = $7,000,000; and C4 = $6,000,000 The Cost of Capital (Interest Rates) @ 9.60% If the interest rate is 12%, what is the NPV (net present value) of this stream of cash flows? Is the project going to be profitable? Would you proceed with the recommendation to start the project? 6 7 8 9 10 11 12 CO 13 C 14 C2 (14,000,000) 9,000,000 8,000,000 7,000,000 6,000,000 15 Cz 16 C4 II 17 Interest Rate = 9.60% t II 4 18 19 20 NPV = -C, +C;/(1+r)' + CZ/(1+r)? + C3/(1+r) + C/(1+r)* 19 20 NPV -C, +C,/(1+r)' + CZ/(1+r)? + C;/(1+r) + C4/(1+r) 21 NPV 22 NPV 23 24 25 33 34 35