Johnson entertainment systems is setting up to manufacture a new line of video game consoles. the cost of the manufacturing equipment is $1,750,000. expected cash flows over the next four years are $725,000, $850,000, $1,200,000, and $1,500,000. given the company's required rate of return of 15 percent, what is the npv of this project? (do not round intermediate computations. round final answer to nearest dollar.)

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d