Question: JoJoe is analyzing a potential project known as Project Zap! which has a 3 year life. Project Zap! has the following expected FCFs (in millions

JoJoe is analyzing a potential project known as Project Zap! which has a 3 year life. Project Zap! has the following expected FCFs (in millions of dollars): $-42 at t = 0, $26.4 at t = 1, $46.8 at t = 2, and $69 at t = 3. JoJoe has a tax rate of 34%. Using a WACC of 8.6%, compute the fair NPV of Project Zap-It, and report it (in millions of dollars) in the answer-box below.

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