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A project requires an initial investment of $60 million and will then generate the same cash flow every year for 5 years. The project has
A project requires an initial investment of $60 million and will then generate the same cash flow every year for 5 years. The project has an internal rate of return of 16% and a cost of capital of 10%. Part 1 Attempt 1/10 for 10 pts. What is the project's NPV (in \$ million)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
