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Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at the end of each year: Year

 

Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at the end of each year: Year CF (in $ million) 0 -40 1 20 2 30 3 40 If the company's weighted average cost of capital is 16%, what is the NPV (in $ million)? 1+ decimals

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