Use the following information to answer the next four questions: Innovation Company is thinking about marketing a new software product. Upfront costs to market and develop the product are $4 million. The product is expected to generate operating cash flows of $1 million per year for 10 years. The company will then have to provide product support expected to cost $100,000 per year in perpetuity (starting in year 11): Assume all profits and expenses occur at the end of the year and that the appropriate discount rate is 12%. Question: The present value of the expected perpetual product support costs today (time 0 ) is closest to? 268,311 100,000 32,254 833,333 300,508 The NPV of this project is closest to? 816,890 1,381,912 1,682,420 5,381,912 1,650,223 Based upon the NPV you should? Invest because the NPV is positive Invest because the NPV is negative Reject because the NPV is positive None of the Above Reject because the NPV is negative How many IRRs exist for this problem? One Unable to determine using the information provided Three Two Zero