A project will cost $1,000,000 to start up. Assume the yearly cash flows from the project as shown below are all positive #s and received at the end of each year. What is the net present value of the project if the discount rate is 10%?

Year 1 - $680,000; Year 2 - $810,000; Year 3 - $940,000; Year 4 - $1,150,000

a. Greater than $2,000,000

b. Between $1,900,000 - $2,000,000

c. Between $1,800,000 - $1,900,000

d.Between $1,,700,000 - $1,800,000

e. Between $1,600,000 - $1,700,000

f. Less than $1,600,000

10. The Tiffany Company had sales of $422,045, cost of goods sold of $291,090, depreciation expense of $37,053, interest expense of $40,000 and a tax rate of 30%. How much does the firm's Operating Cash Flow exceed its Net Income?

a. Between $30,000 - $40,000

b. Between $40,000 - $50,000

c. Between $50,000 - $60,000

d. Between $60,000 - $70,000

e. Between $70,000 - $80,000

f. Greater than $80,000