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A project has cash flow characteristics as in the table. It needs upfront investment of $500 million. It has required rate of return at 15%.
A project has cash flow characteristics as in the table. It needs upfront investment of $500 million. It has required rate of return at 15%. What is project NPV? Numbers in millions Year 1 2 3 4 Cash Flow $500 $200 ($300) $1,000 $508 million $248 million $461 million $100 million
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