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Assume Toyota expects a hybrid-engine project to produce cash flows of $50 million each year, and expects these to grow at 3% each year. The

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Assume Toyota expects a hybrid-engine project to produce cash flows of $50 million each year, and expects these to grow at 3% each year. The upfront project costs are $400 million and cost of capital is 10%. What is the net present value (NPV) of the project? Select one: O a. $324 million O b. $360 million O c. $314 million O d. $396 million

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