Quantitative ProblemSunshine Smoothies Company (SSC) manufactures and distributes amoothies. SSC is considering the development of a new line of high-protein energy smoothies SSC CFO has collected the following information regarding the proposed project, which is expected to last 3 years The project can be operated at the company's Charleston plant, which is currently vacant The project will require that the company spend $4.9 million today (t) to purchase additional equipment. This equipment is eligible for 100% bonus depreciation, so the equipmen fully depreciated at the time of its purchase. The company plans to use the equipment for all 3 years of the project. Att - 3 (which is the project's last year of operation), the equiper is expected to be sold for $2,300,000 before taxes. . The project will require an increase in net operating working capital of $700,000 at to. The cost of the working capital will be fully recovered at t - )(which is the project's last yea of operation) Expected high-protein energy smoothe sales are as follows: Year Sales 1 $2,400,000 27,850,000 33,500,000 The project's annual operating colts (excluding depreciation) are expected to be 60% of sales The company's tax rate is 25% The company is extremely profitable; so if any losses are incurred from the high-protein energy smoothie project they can be used to partially offset taxes paid on the company's other projects. (That is, assume that if there are any tax credits related to this project they can be used in the year they occur) The project has a WACC = 100% What is the project's expected NPV and IRR? Round your answers to 2 decimal places. Do not round your intermediate calculations NPV LRA Should the firm accept the project? -Select SSC is considering another project: the introduction of a 'weight loss smoothie. The project would require a $3.6 million investment outlay today (0). The after-tax cash flows would depend on whether the weight loss smoothie is well received by consumers. There is a 40% chance that demand will be good, in which case the project will produce after-tax cash flows of $2.2 million at the end of each of the next 3 years. There is a 50% chance that demand will be poor, in which case the after-tax cash flows will be $0.52 million for years. The project is riskler than the firm's other projects, so it has a WACC of 11%. The firm will know the project is successfutter receiving the cash flows the first year, and after receiving the first year's cash flows it will have the option to abandon the project. If the firm decides to abandon the project the company will not receive any cash flows aftert, but it will be able to sell the assets related to the project for $2.8 milion after taxes at 1. Assuming the company has an option to abandon the project, what is the expected NPV of the project today? Round your answer to 2 decimal places. Do not round your intermediate calculations. Use the values in milions of dollars to ascertain the answer millions of dollars