Question: Your division is considering two investment projects, each of which requires an up-front expenditure of $15 million. You estimate that the investments will produce the following net cash flows:
![388_Project.png](https://secure.tutorsglobe.com/CMSImages/388_Project.png)
What are the two projects' net present values, assuming the cost of capital is 10 percent? 5 percent? 15 percent?