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7. LH is planning to build a new condotel in Hawaii. The project requires an investment of 100m and is expected to generate 15m for

7. LH is planning to build a new condotel in Hawaii. The project requires an investment of 100m and is expected to generate 15m for 10 years. The target rate of return is 8% per annum. Calculate the net present value

a. 6.51m

b. 6.53m

c. 6.50m

d. 6.52m

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