Use the following to answer the next three questions: Deepwater Inc. has developed a 9,year project that requires an immediate investment of $2.5 million. The project's ann beginning in one year and 500,000 for the remaining period until the end of the project required rate of return of 12%. Assume that no other transactions exist to affect the project cash flows. ual long-term net cash flows are $300,000 for 3 consecutive years . Assume that the project has a 30. Based on these estimates, what comes closest to the project's NPV? A. -0.3 million B. 0.6 million C. 1.4 million D. 4.7 million 31. What comes closest to the project's IRR? A. Undefined B. 8.9% C. 10.5% D. 11.9% 32. What is the payback period of this project? A. 6 years B. 7 years C. 8 years D. 9 years icct that is expected to generate $32 million of cash revenue per year for the first 3 years