Use the following to answer the next two questions.Farris Enterprises is considering a project that has the following cash flow (in millions) and a WACC = 9%.

Year01234

Cash flows-$225$40$75$90$120

1. What is the project's NPV (in millions)?

a.$29.33

b.$31.22

c.$34.33

d.$40.99

e.$53.45

2. At what WACC is NPV equal to zero?Carry your answer to 4 decimal places if your answer is displayed as a decimal, or 2 decimal places if your answer is displayed as a percentage.

a.9.25%

b.10.33%

c.11.50%

d.12.95%

e.13.93%