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2. You are valuing a project involving patient care packages that 'iends and relatives can customize and order online. The project would involve an up-front

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2. You are valuing a project involving patient \"care packages\" that 'iends and relatives can customize and order online. The project would involve an up-front investment of $2,000,000 on January 1, 2017, for software development, which would house four programmers in a downtown 100; for two years with unlimited Pepsi and Doritos. The project would generate annual free cash ow each January 1, with the rst cash ow received January 1, 2019. The 2019 after-tax cash ow is expected to be $100,000. This amount will double each year for three years thereafter. Beyond that, the after-tax cash ow is expected to increase 10% per year for an additional 20 years. Ifyour required rate of return on this risky venture is 25%, what is the project's NPV

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