Use the following information for questions 3 and 4 will be $500,000 and the annual cash flow depends upon whether the city council approves the entertainment district designation. the entertainment district is not approved ( 20% chance) , the bar will generate a cash flow of $95,000 per year for the next 10 years. If the appropriate cost of capital is 15%, what is the expected NPV? 15,57525,54897,23354,980 Question 4 of cash flows, everything is simply delayed by one year). What is the expected NPV of the project with the investment timing option? 10,874 54,236 88,589 112,740