The Freshly Frozen Fish Company currently makes frozen fish fillets and other related products. While seeking expansion ideas, management of the company decided to look into the possibility of a line of frozen catfish fillets. The initial investment required and the projected future cash flows of the project are presented in the table below. To adjust for risk of the project, the management team decided to use the Certainty-Equivalent approach, and has calculated the Risk-adjusted Cash Flows using the following formula: Risk-adjusted Cash Flow -Original Cash Flow' Certainty Equivalent Coefficient. Annual Cash Flows for Frozen Catfish Fillet Project Risk- adjusted Cash Flows Total Annual Certainty Cash Equivalent Flows Coefficients 3 0 (650,000) 3 0 650,000) 1 (650,000) 4 1 83,250 0.95 79.088 5 2 98,5060.988,656 6 3 108,980 0.85 92,633 120,409 0.8 96,328 8 5 676,511 0.75 507,384 7 4 Suppose the risk-free rate is 4% and the WACC of the firm is 10%. Identify the correct Excel formula to calculate the NPV of the project based on the Certainty-Equivalent approach. NPV(10%, B488)+B3 NPV(14%, B4B8)+B3 NPV(10%, D4:D81+D3