The Blue Hen Housing Corporation is considering an investment of $30,000,000 to build more apartments to meet the increasing demand for student housing. They expect to generate the following net cash flows from this investment: year 1 of $8,000,000; year 2 of $9,000,000; year 3 of $10,000,000; and year 4 of $11,000,000. They use the NPV decision rule and want to know if this project would add value. Question #1: Should this project be approved assuming a required return of 9% ? Question #2: Should this project be approved assuming a required return of 11% ? To get full credit you need to calculate the NPV for both questions using the long-form approach where the cash flow for each year is clearly shown and discounted back to the present. You also need to indicate if the project should be accepted or rejected. (Round to two decimal points)