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1) WestJet Airlines is considering purchasing 20 new planes that will save the company $25 million per year in fuel and maintenance costs for the

1) WestJet Airlines is considering purchasing 20 new planes that will save the company $25 million per year in fuel and maintenance costs for the next 10 years. If the cost of the new planes is $200 million dollars and WestJet's WACC is 8.5%, what is the NPV of the project?

A) -$200,000

B) $50 million

C) $30.4 million

D) $0

E) $4.4 million

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