Question
A Corporation plans to issue equity to raise $76207823 to finance a new investment. After making the investment, the firm expects to earn free cash
A Corporation plans to issue equity to raise $76207823 to finance a new investment. After making the investment, the firm expects to earn free cash flows of $10019738 each year. The firm currently has 4076844 shares outstanding, and it has no other assets or opportunities. Suppose the appropriate discount rate for the firm future free cash flows is 9.73%, and the only capital market imperfections are corporate taxes and financial distress costs. What is the NPV of the firm's investment?
Submit your answers with 4 decimals after the dot. Do not include the "$" sig
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