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A retail coffee company is planning to open 105 new coffee outlets that are expected to generate $13.2 million in tree cash flows per

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A retail coffee company is planning to open 105 new coffee outlets that are expected to generate $13.2 million in tree cash flows per year, with a growth rate of 2.6% in perpetuity if the coffee company's WACC is 9.7%, what is the NPV of this expansion? The present value of the free cash flows is t million (Round to two decimal places.)

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