QUESTION 1\ Use the following information to answer the next 6 questions:\ A 3-year project,

x

, with an upfront cost of

$46

million is expected to yield the following series of cash flows:

$11.40

million in year one,

$14.80

million in year two, and

$22.64

million in year three. At the end of year three, the project's assets will be liquidated and sold for a free cash flow of

$24.68

million. The required rate of return on the project is

14%

.\ Calculate the NPV of the project and use the NPV decision rule to decide whether to invest in the project.\

$7.33

million.

>0

, invest\

$5.28

million

>0

, invest\

$6.43

million

>0

, invest\

$27.52

million

>0

, invest

Use the following information to answer the next 6 questions: A 3-year project, X, with an upfront cost of $46 million is expected to yield the following series of cash flows: $11.40 million in year one, $14.80 million in year two, and $22.64 million in year three. At the end of year three, the project's assets will be liquidated and sold for a free cash flow of $24.68 million. The required rate of return on the project is 14%. Calculate the NPV of the project and use the NPV decision rule to decide whether to invest in the project. $7.33 million. >0, invest $5.28 million >0, invest $6.43 million >0, invest $27.52 million >0, invest