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A company is in the process of constructing a new plant at a cost of $18 million. It expects the project to generate cash flows

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A company is in the process of constructing a new plant at a cost of $18 million. It expects the project to generate cash flows of $9 million, $8 million, and $11 million over the next three years. The cost of capital is 17.2 percent p.a. What is the net present value of this project? (in millions to three decimals) Select one: a. $2.336 b. $38.336 c. $-0.648 d. $3.338

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