Please solve the question step by step manually by writing it down. Do not use excel or financial calculator.

Problem 1: (5 Points) You have been asked to analyze the net present value of building a Flyover in Asia. You estimate that building the Flyover will cost you $50 million up front and that it will generate $4 million in cash flows next year via toll collection and that these cash flows will grow 10% a year for the following four years (Years 2-5). After year 5, you expect the cash flows to continue to grow at the inflation rate (2%). Assuming a cost of capital of 8%, what is the NPV of this project to you? Would you recommend taking on this project and why