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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 CF

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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 CF (in $ million) 0 -70 1 20 2 30 CON 3 40 Part 1 IB Attempt 1/3 for 10 pts. If the company requires a return of 12% from this project, what is the NPV (in $ million)

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