Question 4 Suppose you want to start up a Fast Foods R'Us franchise. The estimate of the cost is approximatel $1.5 million. You expect that your free cash flows over each of the next five years to be positive and significant. At the end of the first five years, in addition to the expected free cash flow in year 5, you plan to sell the franchise for $2.5 million. The discounted values of each of the five annual free cash flows are $175,000, $225,000, $468,000, $498,000, and $900,000 respectively. Which of the following is likely to be the approximate net present value (NPV) of your investment? (A (B Approximate NPV = $766,000 Approximate NPV = ($766,000) Approximate NPV = $676,000 5 Points Approximate NPV = $3, 266,000