Question: Consider the following project: Initial outlay = $19 million Year 1 expected cash flow = $10 million Year 2 expected cash flow = $6 million

Consider the following project: Initial outlay = $19 million Year 1 expected cash flow = $10 million Year 2 expected cash flow = $6 million Year 3 expected cash flow = $11 million Project cost of capital = 15.6%p.a. The net present value of this project is closest to (in millions to the nearest three decimals): Select one: O a. $1.261 O b. $39.261 O c. $1.961 O d. 5-1.473

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