You have been hired to perform a feasibility study on a new accounting software that requires an initial investment of $9 million. This project will last 8 years. The company expects a total of $2 million in free cash flow in the first year. After one year the remaining annual free cash flows will be revised either upward to $3 million or downward to $500,000. Each revision has an equal probability of occurring. At that time (i.e. one year from now), the project can be abandoned and sold off for $3.7 million after tax. If the project is not liquidated the cash flow will continue for 7 more years, starting at year 2. The relevant discount rate is 10 percent. What is the NPV of the project? Select one . $1465765 b. $765798 . $1411769 d.$439179 e. $1138753