What comes closest to the NPV of a 8-year project that is expected to generate $6 million annually for the first 3 years and then $2 million annually for the remaining 5 years in revenue? The upfront cost to start the project is $10 million, and then it will cost $1 million per year to maintain this project for the 8 years. Use the discount rate of 9%. Should this project be undertaken? $5.6m; Yes $11.7m; No $11.7m; Yes $5.6m; No