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$1,529,789 $1,529,798 $1,529,778 $1,529,800 $1,529,793 Flintstones Inc., is considering a new product launch. The firm expects to have annual operating cash flow of $8.3 million

$1,529,789
$1,529,798
$1,529,778
$1,529,800
$1,529,793

Flintstones Inc., is considering a new product launch. The firm expects to have annual operating cash flow of $8.3 million for the next 8 years. Flintstones Inc. uses a discount rate of 13 percent for new product launches. The initial investment is $38.3 million. Assume that the project has no salvage value at the end of its economic life. What is the NPV of the new product to the nearest dollar?

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