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Question 7: (4 points) NAME: A steel company just paid $25 million for a feasibility study. If the company goes ahead with the project, it

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Question 7: (4 points) NAME: A steel company just paid $25 million for a feasibility study. If the company goes ahead with the project, it must immediately spend another $110 million now, and then spend $75 million in one year. In two years it is expected to receive $180 million, and in three years it will receive $50 million. If the cost of capital for the project is 11 percent, what are the project's NPV and IRR? Would you recommed the management team to invest in this project? Why? Show your calculations. Show your formulas in the orange cells

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