The management team of the Freshly Frozen Fish Company is looking 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 when estimating the NPV of the project, the management team has decided to use the Certainty-Equivalent approach, and has calculated the Risk-adjusted Cash Flows based on the certainty equivalent coefficients. A 1 2 Year 0 3 4 5 B D Annual Cash Flows for Frozen Catfish Fillet Project Total Annual Certainty Equivalent Risk-adjusted Cash Flows Coefficients Cash Flows (650,000) 1 (650,000) 83,250 0.95 79,088 98.506 0.9 88,656 108.980 0.85 92,633 120,409 0.8 96.328 676,511 0.75 507,384 6 7 8 1 2 3 4 5 Suppose the risk-free rate is 4% and the WACC of the fum is 10%. Which of the following Excel formulas for calculating the NPV of the project is/are correct? A NPV(10% 14:38 -33 BNPVOLO DS. DET C-NPV 03.0511-4 D.-NPVID DB) - 3 Both and