Zayan Co$.,$ a U$.$S$.$ firm specializing in technology software for the Singaporean government, is scheduled to receive S$$7,000,000($pre$-$tax$)$ annually over the next five years. With a $30$ percent corporate income tax rate $($federal and state combined$)$ in the United States, Zayan anticipates that profits from the Singapore contract will essentially represent its expected annual net cash flows, as other cash inflows and outflows are expected to offset each other. Financing costs are excluded from the cash flow estimate. Utilizing the current exchange rate of $$\mathrm{.}60$ per Singapore dollar $($S$$)$ as a forecast of future exchange rates, Zayan navigates its financial considerations.

The risk$-$free interest rate in the United States stands at $6$ percent, while in Singapore, it is $14$ percent. With a capital structure of $60$ percent debt and $40$ percent equity, Zayan faces a $12$ percent interest rate on its debt. The cost of equity is calculated using the Capital Asset Pricing Model $($CAPM$),$ considering an anticipated U$.$S$.$ annual market return of $12$ percent and a beta of $1\mathrm{.}5.$

Verano Co$.,$ a U$.$S$.$ company, expresses interest in acquiring Zayan and proposes a purchase price of $$10,000,000.$ Facing this decision, Zayan's owner seeks your recommendation. Evaluate the Net Present Value $($NPV$)$ associated with selling the business and provide a suggestion on whether Zayan$$s owner should proceed with selling the business at the offered price.

Group of answer choices

NPV$=$$$10,865,946$; Don't sell

NPV$=$$$8,965,908$; Sell

NPV$=$$$8,965,908$; Don't sell

NPV$=$$$10,865,946$; Sell