Consider now panel B of Exhibit 1, which shows the revised cash flows of the project taking into account the following confusion: It turns out that the company’s lawyer had misunderstood the terms of the lease, which was for four years, not five as initially believed. In this new scenario, what is this project’s NPV?

1. Question 1 Once you have completed the project, what is the formula in cell I21 on the Question tab? 1 point   =IFERROR(VLOOKUP($B21,Data_Set_Clean_Ans!$B$8:$M$108,9,FALSE),”-“)   =IFERROR(VLOOKUP($B21,Data_Set_Clean!$B$8:$M$108,9,FALSE),”-“)   =IFERROR(VLOOKUP($B21,Data_Set_Clean!$B$8:$M$110,9,FALSE),”-“)

4. Question 4 Should the client proceed with the investment? 1 point   Yes   No