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A company is thinking about marketing a new product. Up-front costs to market and develop the product are $[2+20]M. The product is expected to generate

A company is thinking about marketing a new product. Up-front costs to market and develop the product are $[2+20]M. The product is expected to generate profits of $[1+22]M per year for [9+13] years. The company will have to provide product support expected to cost $[9+1+1]M per year in perpetuity. Furthermore, the company expects to invest $6M per year for 11 years for renovations on the product. This investing would start at the end of year [7+2]. Assume all profits and expenses occur at the end of the year. Calculate the NPV of this project if the interest rate is [2+6+2]%.

NOTE: Provide your answers in Millions. E.G. for 100M you must enter 100.0000, for 20M you must enter 20.0000, etc.

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