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A firm is considering a project that will require investments at the end of each year for the next 6 years, but will then generate

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A firm is considering a project that will require investments at the end of each year for the next 6 years, but will then generate revenue cash flows of 4.8 at the end of each year into perpetuity. The first investment will cost 5 million and each subsequent investment will increase by 3 million. The first revenue cash flow will occur at the end of year 7. Assuming that the cost of capital is 5%, calculate the NPV of this project, in millions of dollars. 1 O 10.717 O 11.079 O 10.354 9.629 O 9.992

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