Year 2012 2013 2014 2015 2016 64 6 (includes 3.5b selling price) And that the average book value of asset is $8b and Google's required rate of return is its WACC. 9892 7- Calculate net present value (NPV) for the above investment decision. Would you accept c reject this investment decision? Why? NPV -0.66 Reject investment since NPV is negative 65 66 67 Cash flow(in billions) 1.5 2.5 4 68 69 70 71 72 73 7A A B Year 0 1 2 3 45 C Net CF NPV -12.5 1.5 2.5 4 36 Net income (in billions) 1 2 PV D E 3 2 1.5 -12.5 1.35 1.5/1.11^1 2.03 2.5/1.11^2 2.92 4/1.11^3 1.98 3/1.11^4 3.56 6/1.11^5 -0.66 sum(D65:70) Reject investment since NPV is negative