QUESTION 34 A company has determined that a certain project will produce revenue of $14 million 1 year from now. The costs are projected to equal $5 million each 2, 3 and 4 years from now. Given a cost of capital of 10%, the Net Present Value of the project equals:

		$1.42 million
		$1.56 million
		$12.72 million
		$14.00 million