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A project requires a cost in Year 0 (right now) of $8M. The project will then provide a revenue of $4M per year for Years

A project requires a cost in Year 0 (right now) of $8M.

The project will then provide a revenue of $4M per year for Years 1-3.

Your discount rate is 20%.

The NPV of the project is:

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Between 0 and $1M

NPV is less than zero

More than $2M

Between $1M and $2M

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