Use the information for the question(s) below. The owner of a hair salon spends $1,000,000 to renovate its premises, estimating that this will increase her cash flow by $220,000 per year. She constructs the above graph, which shows the net present value (NPV) as a function of the discount rate. At what dollar value should the NPV profile cross the vertical axis? $780,000 $1,000,000 Cannot be determined because inadequate information is given. The vertical axis crossing point cannot be calculated since the cash inflows are in perpetuity