Question 2 (1 point) ABC Inc. has a weighted average cost of capital (WACC) of 11.40%. It is considering investing in a new project with the same riskiness as the firm. The project will generate free cash flows in year 1 of $14,200,000. The free cash flows are expected to grow by 3.90% in perpetuity. The cost of the project is $175,000,000. This cost will be incurred at time o, today. What is the net present value (NPV) of the project? $14,333,333 $21,717,333 -$82,189,542 -$50,438,596 Previous Page Next Page Page 2 of 30