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12. A company will receive the following after-tax incremental cash flows from a project that requires an initial investment of $10,000,000. What is the NPV
12. A company will receive the following after-tax incremental cash flows from a project that requires an initial investment of $10,000,000. What is the NPV of the project, given a cost of capital of 15%?
| Year 1 | Year 2 | Year 3 | Year 4 |
Cash Inflow to Parent | $2,700,000 | $2,700,000 | $3,420,000 | $7,280,000 |
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