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A firm is evaluating a 4 - year investment project. The project requires an initial outlay of $ 2 2 0 , 0 0 0
A firm is evaluating a year investment project. The project requires an initial outlay of $ The estimated future cash flow from the project is $ $ $ and $ for Years and respectively. The firm is equityfinanced and has a beta of The riskfree rate is and the expected return on the market portfolio is Assuming that the project is as risky as the firm, what is the net present value NPV of the project?
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