Help Save & Exit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to Consider two production technologies for a new Wankel-engined outboard motor Technology A was the most efficient but had no salvage value if the new outboards failed to sell. Technology 8 was less efficient but offered a salvage value of $17 million The present value of the project is either $24 or $16 million in year 1if Technology A is used. Assume that the present value of these payoffs is $18 million at year 0. a. With Technology B, the payoffs at year 1 are $22.5 or $15 million. What is the present value of these payoffs in year oir Technology B is used? (Hint: The payoffs with Technology B are 93.75% of the payoffs from Technology A) (Enter your answer in milions. Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. 16.870 million Present value IS