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Question 4 1 pts Suppose that a project will result in the following cash flows: An immediate investment of 30 million is required. Maintenance costs

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Question 4 1 pts Suppose that a project will result in the following cash flows: An immediate investment of 30 million is required. Maintenance costs of 4 million are required every two years into perpetuity, starting at the end of the second year. The project will yield positive cash flows at the end of each year forever. The first positive cash flow will occur one year after the initial investment and is expected to be in the amount of 7 million Each subsequent positive cash flow will decrease by 2%. Assuming that the cost of capital is 9%, calculate the NPV of this project, in millions of dollars. 0 10.887 O 12.371 O 12.866 11.381 O 11.876

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