You are a financial manager at Cisco and are trying to assess the following project. The project will require a $70 million initial investment and will generate free cash flows in years 1-5 as shown in the table below. Cisco maintains a constant debt-to-enterprise value ratio of 25% and its current WACC is 9.8%. Assuming that Cisco takes the project, by how much will Cisco's enterprise value increase as a result of taking the project?

You are a financial manager at Cisco and are trying to assess the following project. The project will require a $70 million initial investment and will generate free cash flows in years 15 as shown in the table below. Cisco maintains a constant debt-to-enterprise value ratio of 25% and its current WACC is 9.8%. Assuming that Cisco takes the project, by how much will Cisco's enterprise value increase as a result of taking the project? (Select one) $105.23 million $35.23 million $26.31 million $75 million