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A two-year investment project has an initial cost of $400 million expected after tax cash flows of $220 million and $242 million on years 1

A two-year investment project has an initial cost of $400 million expected after tax cash flows of $220 million and $242 million on years 1 and 2 respectively. What is the net present value of the project if the discount rate is 10%?

Select one:

a. None of THESE

b. -$100 million

c. $400 million

d. $0 million

e. $62 million

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