Question 15 (4 points) Cheri is considering a project that requires an initial investment of $6 million and generates expected cash flows of $3 million in each of the next three years. The NPV is approximately --- at a discount rate of 12 percent. 1) $0.2 million 2) $0.4 million 3) $0.6 million 4) $0.8 million 5) $1.0 million 6) $1.2 million 7) $1.4 million 8) $1.6 million 9) $1.8 million 10) $2.0 million