RiverRocks, Inc., is considering a project with the following projected free cash flows: The firm believes that, given the risk of this project, the WACC method is the appropriate approach to valuing the project. RiverRocks' WACC is 12.3%. Should it take on this project? Why or why not? The timeline for the project's cash flows is: (Select the best choice below.) A. Cash Flows (millions) Year B. Cash Flows (millions) Year C. Cash Flows (millions) Year D. Cash Flows (millions) Year The net present value of the project is S million. (Round to three decimal places.) View an example 1 part remaining RiverRocks, Inc., is considering a project with the following projected free cash flows: The firm believes that, given the risk of this project, the WACC method is the appropriate approach to valuing the project. RiverRocks' WACC is 11.3%. Should it take on this project? Why or why not? Here is the timeline for the project's cash flows: Cash Flows (millions) Year To value the project, we discount the firm's future free cash flows using the WACC as the discount rate. To calculate, use the following formula: NPV=FCF0+(1+rwacc)FCF1+(1+rwacc)2FCF2+(1+rwacc)3FCF3+(1+rwacc)4FCF4 where NPV is the net present value of the project, FCFt is the free cash flow at time t, and rwacc is the company's WACC. Therefore, NPV=$48.9million+(1+0.113)$10.2million+(1+0.113)2$20.4million+(1+0.113)3$19.3million+(1+0.113)4$15.7million=$0.962million The NPV of the project is $0.962 million. Using the financial calculator, the present value of your windfall is computed as follows