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Blackstone is buying a department store that needs to be renovated and improved, with the following projected cash flows: Y 0 : - $ 3

Blackstone is buying a department store that needs to be renovated and improved, with the following projected cash flows: Y0: -$325,000,000 Y1: -$20,000,000 Y2: -$29,000,000 Y3: $30,000,000 At the end of year 3, Blackstone will sell it for a projected $550,000,000. The NPV of this deal, assuming a 10% discount rate, is closest to:

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