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RiverRocks, Inc., is considering a project with the following projected free cash flows Year Cash Flow (in millions) 4 -$49.5 $9.8 $19.5 $20.3 $14.2 The

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RiverRocks, Inc., is considering a project with the following projected free cash flows Year Cash Flow (in millions) 4 -$49.5 $9.8 $19.5 $20.3 $14.2 The firm believes that given the risk of this project, the WACC method is the appropriate approach to valuing the project RiverRocks WACC is 12.7%. Should it take on this project? Why or why not? A. Cash Flows (millions) $49.5 9.8 $19.5 $20.3 $14.2 Year B. Cash Flows (millions)$49.5 $9.8 $19.5 $20.3 $14.2 ear 4 C. Cash Flows (millions)$49.5 - $9.8 -$19.5 -$20.3 - $14.2 Year D. Cash Flows (millions) $49.5 -$9.8 -$19.5 - $20.3 - $14.2 ear 4 The net present value of the project is million. (Round to three decimal places.)

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