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A project with a cost of $15M is expected to produce cash flows of $9M, $8M, and $10M for the next three years. Certainty equivalent

A project with a cost of $15M is expected to produce cash flows of $9M, $8M, and $10M for the next three years. Certainty equivalent coefficients for these three cash flows are 0.9, 0.8, and 0.7, respectively. With a 4% risk-free discount rate, what is the risk adjusted NPV of the project?

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