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Asteel company just paid $25 million for a feasibility study. Ifthe company goes ahead with the project, it must immediately spend another $110 million now,
Asteel company just paid $25 million for a feasibility study. Ifthe company goes ahead with the project, it must immediately spend another $110 million now, and then spend $75 million in one year In two years it is expected to receive $180 million, and in three years it will receive $50 million Ifthe cost of capital for the project is 11 percent, what are the project's NPV and IRR? Would you recommed the management team to invest in this project? Why
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