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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
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 | -80 |
| 1 | 20 |
| 2 | 30 |
| 3 | 40 |
If the company's weighted average cost of capital is 9%, what is the NPV (in $ million)?
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