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Clorox is thinking about introudcing a new brand of cleaning products. Marketing and developing the new products will cost 5 3 7 million dollars. In

Clorox is thinking about introudcing a new brand of cleaning products. Marketing
and developing the new products will cost 537 million dollars. In one year, the new
products will generate a cash flow of 30 million dollars. In two years, the new
products will generate a cash flow of 64 million dollars. In three years, the new
products will generate a cash flow of 84 million dollars. After that, cash flows are
expected to grow by 1% forever. If the cost of capital is 11%, what is the NPV of
this project (in millions)?
(Enter your answer in millions. i.e.5.5 million, not 5,500,000)
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