please show steps by step either with ecxel or finacial calculator

Growth Option: Decision-Tree Analysis Fethe's Funny Hats is considering seling trademarked, orange-haired curly wigs for University of Tennessee football games. The purchase cost for a 2-year franchise to sell the wigs is $20,000. If demand is good (40% probability), then the net cash flows will be 528,000 per year for 2 years. If demand is bad (60% probability), then the net cash flows will be 53,000 per year for 2 years Fethe's cost of capital is 11%. Do not round Intermediate calculations What is the expected NPV of the project? Negative value, if any, should be indicated by a minus sign. Round your answer to the nearest dollar -6985 will have the inte renew the franchise fee for 2 more years at the end of Year 2 for an additional payment of $20,000. In this case. 4 the decision tree. Noter