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A retail coffee company is planning to open 95 new coffee outlets that are expected to generate $15.5 million in free cash flows per year,
A retail coffee company is planning to open 95 new coffee outlets that are expected to generate $15.5 million in free cash flows per year, with a growth rate of 3.2% in perpetuity. If the coffee company's WACC is 10.7%, what is the NPV of this expansion?
The present value of the free cash flows is $ __ million ? (Round to two decimal places.)
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