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6. (10 points) A project costs $3 million today (t = 0) and is expected to generate a cash flow of $180,000 in one year
6. (10 points) A project costs $3 million today (t = 0) and is expected to generate a cash flow of $180,000 in one year (t = 1). The cash flow is then expected to grow at 3% per year forever. The project's cost of capital is 8%. a. (5 points) What is the NPV of this project? b. (5 points) What is the IRR of this project
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