Celera Inc. is considering a capital expansion project. The initial investment of undertaking this project is $188,500. This expansion project will last for five years. The net operating cash flows from the expansion project at the end of year 1, 2, 3, 4 and 5 are estimated to be $38,500, $58,780, $78,960, $97,680 and $105,380 respectively. Celera has a weighted average cost of capital of 20%. Question 14 (3.125 points) Based on Celera's weighted average cost of capital, what is the NPV of undertaking this expansion project? That is, what is the NPV if the weighted average cost of capital is used as the discount rate? Shall Celera undertake the investment project? NPV=$7,825.06. Celera shall undertake the investment project since NPV>0. ONPV=$19,553.56. Celera shall undertake the investment project since NPV>0. ONPV=-$9,421.68. Celera shall not undertake the investment project since NPV1. PI=0.95. Celera shall not undertake the investment project since Pl1. What is the internal rate of return (IRR) if Celera undertakes this project? Based on the IRR, shall Celera undertake this investment project assuming the weighted average cost of capital is the appropriate discount rate for the capital budgeting problems considered. IRR=23.88%. Celera shall undertake the investment project since IRR>WACC. IRR=16.27%. Celera shall not undertake the investment project since IRRWACC. What is the modified internal rate of return if Celera undertakes this project. Assuming that the positive cash inflow from undertaking this project will be reinvested at the weighted average cost of capital. 22.39% 21.41% 16.54% 18.02%