"You work for a ski manufactuer. The company wants to expand into

Europe. This will require an immediate investment of $$60$m $($i$.$e$.,$ today$).$

You believe it will generate positive cash flows of $$8$m in Year $1,$ $$12$m in

Year$2,$ and then $$18$m annually 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 $9\%"$ Solve using excel equations