... PV(C0) = -$2,100,000 PV(C1) = $725,000 / (1 .165 5) = $622,051 PV(C2) = $725,000 / (1 .165 5)2 = $533,720 PV(C3) = $725,000 / (1 .165 5)3 = $457,932 PV(C4) = $1,062,500 / (1 .165 5)4 ... Year 1 = (1 -0.40 )($ 17,500,000) = $10,500,000 Year 2 = (1 -0.40 )($ 17,500,000 )(1 .12) = $11,760,000 Year 3 = (1 -0.40 )($ 17,500,000 )(1 .12)2 = $13,171,200 Year 4 = (1 -0.40 )($ 17,500,000 )(1 .12)3 ... PV(C0) = -$50,000 PV(C1) = $10,000 / (1 .15) = $8,696 PV(C2) = $20,000/ (1 .15)2 = $15,123 PV(C3) = $40,000 / (1 .15)3 = $26,301 NPVB = PV(CB0) + PV(C1) + PV(C2) + PV(C3)...