Using an Excel Spreadsheet,You work for a ski manufactuer. The company wants to expand into Europe. This will require an immediate investmentof $60m (i.e., today). You believe it will generate positive cash flows of $8m in Year 1, $12m in Year2, and then $18mannually from Year 3 through Year 6. WACC for your company is 9%

(a) What is the project's NPV? Would you proceed with the project? What if WACC for your company is 14%?

(b) What is the Project's Payback Period?

(C) What is the Discounted Payback Period assuming WACC is: 9%