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4. A firm considers building a new factory that costs $30 million. The factory will provide a cash flow of $4 million for 25 years,

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4. A firm considers building a new factory that costs $30 million. The factory will provide a cash flow of $4 million for 25 years, beginning next year. The firm wants to finance the project by issuing equity. Expected returns on the market are 12%, the riskfree rate is 6%, and the beta of the firm's stock is 1.4. Should the firm complete the project

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