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A retail colfee company is planning to open 95 new colfee outelts that are expected to generate $13.3 million in free cash flows per year,

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A retail colfee company is planning to open 95 new colfee outelts that are expected to generate $13.3 million in free cash flows per year, with a growth rate of 3.5% in perpetuity. It the coffee company's WACC is 9.3%, what is the NPV of this expansion? The present value of the free cash flows is : million. (Round to two decimar places.)

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